Answer:
Salary expense A/c Dr $2,800
Salary payable A/c Dr $2,200
To Cash A/c $5,000
(Being the payment of salaries is recorded)
Explanation:
The adjusting entries for recording the accrued salary expense would be
Salary Expense $2,200
To Salary Payable $2,200
(Being accrued salaries are adjusted)
When the payment of salaries is made for $5,000, so the journal entry would be
Salary expense A/c Dr $2,800
Salary payable A/c Dr $2,200
To Cash A/c $5,000
(Being the payment of salaries is recorded)
Answer:
The correct answer is letter "B": An audit.
Explanation:
An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent. An audit is often used to mean an examination of a taxpayer's records by the Internal Revenue Service (IRS).
Answer:
170,000
Explanation:
With $600,000 of book income, the potential total book tax expense is $210,000 ($600,000 × 35%). However, the release of the $40,000 valuation allowance in the current year allows an additional $40,000 of future tax benefits (savings) to be considered in the current year. Accordingly, the total tax expense is $170,000 ($210,000 – $40,000).
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Answer:
Dysfunction
Explanation:
https://quizlet.com/346622755/final-exam-psychology-flash-cards/
