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Rina8888 [55]
3 years ago
7

Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending the preceding Saturday. Journalize t

he necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. If an amount box does not require an entry, leave it blank. Accounts Receivable
Business
1 answer:
____ [38]3 years ago
7 0

Answer:

Dr salaries expense   $23,000

Cr salaries payable                      $23,000

Explanation:

By Friday ,employees would have worked for 5 days out of the six-day week  whose cost is $27,600,hence the salaries for the 5 days should be provided as computed below:

salaries accrued =$27,600*5/6=$23,000

The salaries accrued of $23,000 at the close of the period on that particular Friday should be debited to salaries expense and credited to salaries payable prior its payment on Monday.

When payment is made cash would be credited while salaries payable is debited.

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Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts
expeople1 [14]
B bc if the food DLC do gas so gc coo be fb bl
4 0
2 years ago
A candy store sells boxes of candy containing caramels and cremes. Each box sells for $12.50 and hold 30 pieces of candy (all pi
evablogger [386]

Answer:

Number of caramels = 20

number cremes = 30 - 20 = 10

Explanation:

Data provided in the question:

Selling cost of each box = $12.50

Number of pieces of candies held in a box = 30

Cost of producing caramel = $0.25

Cost of producing cremes = $0.45

Now,

let the number of caramels be 'x'

Thus,

Number of cremes = 30 - x

Profit = Selling price - Cost

3 = $12.50 - [ 0.25x + 0.45(30 - x) ]

or

[ 0.25x + 0.45(30 - x) ] = 12.50 - 3

or

0.25x + 13.5 - 0.45x = 9.50

or

-0.20x = 9.50 - 13.5

or

-0.20x = - 4

or

x = 20

Hence,

Number of caramels = 20

number cremes = 30 - 20 = 10

6 0
3 years ago
services act as a middleman, allowing individuals to securely send and receive money. select all that apply. a. p2p b. b2b c. b2
k0ka [10]

Services act as a middleman, allowing individuals to securely send and receive money is A. p2p

<h3>How to illustrate the information?</h3>

It should be noted that p2p simply means the peer to peer platform that allows two individuals to be able to interact directly without the third party.

Peer-to-peer (P2P) lending eliminates the need for a middleman financial institution by allowing borrowers to get loans directly from other borrowers. P2P lending has become much more popular as a substitute for traditional funding thanks to websites that make it possible.

It should be noted that they act as services that act as a middleman, allowing individuals to securely send and receive money.

Therefore, the correct option is A.

Learn more about money on:

brainly.com/question/24373500

#SPJ1

7 0
1 year ago
What impression does it give if you are text messaging or listening to music while waiting to be called into an interview?
mylen [45]
It would give me the impression that you’re not interested in the interview. If someone walked into an interview while doing the above personally I would see them as “having better things to do”

Anyways, Hope this somehow helps!
3 0
2 years ago
If the production function of ideas is as follows: then the function exhibits:
miss Akunina [59]

Answer:

Option c. Decreasing returns to the ideas stock but increasing returns overall

Explanation:

In economics, the challenge will be to increase the production of the goods and render more services. However, the return to the flattening curve means that there would be a change in the trends. Thus, in this case, there would be a variability in the supply and demand chain. Such tends to happen with drastic changes in the trends.

5 0
3 years ago
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