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Bad White [126]
3 years ago
13

Gordy's Corp. has seven employees. Each earns $800 per week for a five day work week ending on Friday. This month, the last day

of the month falls on a Thursday. The company should make an adjusting entry:
Business
1 answer:
GarryVolchara [31]3 years ago
5 0

Answer:

The journal entry to record the wages expense for the month is:

Thursday, end of month, wages expense:

Dr Wages expense 640

    Cr Wages payable 640

The adjusting entry made on Friday would be:

Friday, first day of the new month, wages expense:

Dr Wages expense 140

Dr Wages payable 640

    Cr Cash 800

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hoa [83]

Answer: the intentions of the parties is inferred from their conduct by the court as well as the circumstances of the contract

Explanation:

An implied contract is referred to as an agreement that's legally-binding which was created due to the actions, or circumstances of the parties that were involved.

In an implied contract, the parties typically possess no written contract, but an obligation is created by the law based on the conduct of the parties involved.

8 0
3 years ago
Elasticity is the percentage change in quantity divided by the percentage change in _____.
Snezhnost [94]

Answer:

The price.

Explanation:

Elasticity is the percentage change in quantity divided by the percentage change in price.

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4 years ago
Stereotyping in the workforce has led to
Bingel [31]
Pay discrepancies i believe
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3 years ago
What is an exclusive right of a person or company to reproduce, publish, or sell a creative work?
marshall27 [118]
The answer is copyright
6 0
4 years ago
Read 2 more answers
2. Realized income is also known as ____. a) gross pay. b) net income. c) real income. d) descretionary income. . 3) You are pai
iris [78.8K]

Answer:

a) gross pay

c) $1,496.34.

Explanation:

The realized income is the amount you actually received and it is taxable. According to this, the answer is gross pay as it is the money you earn before taxes are deducted.

-Realized income:

$12.75*40= 510*4 = $2,040

FICA (7.65%)= $156,06

Federal withholding (12%)= $244,8

state withholding (7%)= $142,8

$2,040-$156,06-$244,8-$142,8= $1,496.34

6 0
4 years ago
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