1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka57 [31]
3 years ago
8

Fighting Irish Incorporated pays its employees $3,640 every two weeks ($260/day). The current two-week pay period ends on Decemb

er 28, 2018, and employees are paid $3,640. The next two-week pay period ends on January 11, 2019, and employees are paid $3,640.1. Record the adjusting entry on Dec. 31, 20182. Record the payment of salaries on Jan. 11, 20193. Calculate the 2018 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2018 is $0)
Business
1 answer:
krok68 [10]3 years ago
6 0

Answer:

1. Salaries expense A/c $780

               To Salaries payable A/c $780

(Being adjusting salary is recorded)

2. Salaries expense A/c Dr $2,860   ($260 × 11 days)

Salary payable A/c Dr $780

    To Cash A/c $3,640

(Being the payment is recorded)

3. $780

Explanation:

1. The adjusting entry is presented below:

Salaries expense A/c $780

               To Salaries payable A/c $780

(Being adjusting salary is recorded)

The salaries expense is calculated below:

= Salary per day × number of days

= $260 × 3 days

= $780

The number of days is calculated from Dec 28 to Dec 31

2. The entry would be

Salaries expense A/c Dr $2,860   ($260 × 11 days)

Salary payable A/c Dr $780

    To Cash A/c $3,640

(Being the payment is recorded)

3. The year-end adjusting balance would be

= Salaries Payable before adjustment + adjustment balance

= $0 + $780

= $780

You might be interested in
Elizabeth is marketing a new type of picture frame that she invented. She has developed a full identity for the product and want
Tresset [83]

Answer:

Trademark.

Explanation:

Trademark is a type of intellectual property that involves use of a unique design to legally differentiate a product from others in the market. It shows a particular product belongs to a company.

Elizabeth should first of all get a trademark on her picture frames so that they will be legally protected from copying by others.

3 0
3 years ago
A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who
vaieri [72.5K]

Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.

What is sleep pattern?

The word sleep pattern, commonly referred to as a sleep-wake pattern, refers to a person's schedule for going to bed and getting up as well as their napping habits. The frequency and length of sleep disruptions may also be part of the sleep pattern.

Type of employment, Chronic illness and drug/alcohol use they ought to be included in regression since they disturb sleep patterns.

As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.

Learn more about on sleep pattern, here:

brainly.com/question/25287169

#SPJ1

3 0
2 years ago
The major output of financial accounting is a set of statements including the.
oksano4ka [1.4K]

Answer:

balance sheet,

income statement,

statement of cash flows

4 0
2 years ago
At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $118,800, including his $11,880 share of partnershi
elena-14-01-66 [18.8K]

Answer: $144,936

Explanation:

First start by removing the initial debt from the initial basis so as not to inflate the basis.

= 118,800 - 11,880

= $106,920

That is the Initial basis void of debt.

Then add anything that will increase the basis and remove anything that will reduce the basis. Income and debt generally increase the basis while dividends or cash Distributions reduce them.

The Ending basis is therefore,

= Pre debt Initial basis + Partnership Income + ending debt + Nontaxable income - Cash Distribution

= 106,920 + 47,520 + 17,820 + 2,376 - 29,700

= $144,936

Barnaby's basis at the end of the tax year is $144,936.

8 0
3 years ago
Match each term to its definition. Part Aa. surplus b. debt c. interest d. deficit Part B1. the total of all accumulated and unp
yanalaym [24]

Answer:

The answers are as follows;

1. the total of all accumulated and unpaid deficits (b. Debt)

2. a situation in which outlays exceed revenue (d. Deficit)

3. a situation in which revenue exceeds outlays (a. Surplus)

4. the fee that borrowers pay to debt holders (c. Interest)

Explanation:

4 0
3 years ago
Other questions:
  • After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu
    11·1 answer
  • Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part
    10·1 answer
  • The income summary account has a debit balance of $10,000 prior to closing. the owner's drawing account has a balance of $7,000
    7·1 answer
  • According to the five forces model, an attractive industry would include all of the following characteristics EXCEPT: a. low thr
    12·1 answer
  • The ABC Corporation makes collections on sales according to the following schedule: 25% in month of sale 71% in month following
    5·1 answer
  • Equipment that had been acquired several years ago by a special revenue fund at a cost of $40,000 was sold for $15,000 cash. Acc
    14·1 answer
  • What is this?(Реализуем системы автоматического управления для производственных нужд,личных подсобных хозяйств.Повышенная надежн
    5·2 answers
  • Item8 4 points Time Remaining 44 minutes 36 seconds00:44:36 Item 8 Time Remaining 44 minutes 36 seconds00:44:36 Information for
    14·1 answer
  • Because advertising is the most visible form of marketing ________. Group of answer choices many people think of marketing and a
    12·1 answer
  • The fundamental principle of insurance underwriting is that the cost of health care can be predicted for:___.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!