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
Roman55 [17]
3 years ago
7

Adjusting Entries for Accrued SalariesGarcia Realty Co. pays weekly salaries of $26,500 on Friday for a five-day workweek ending

ending on that day.a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Monday.b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday.
Business
1 answer:
Tems11 [23]3 years ago
5 0

Answer:

a.

                                                     Debit                    Credit

Salary expense                            $5,300                

($26,500/5)

Salary payable                                                        $5,300

b.                                                       Debit                    Credit

Salary expense                            $21,200                

($26,500/5*4)

Salary payable                                                        $21,200

Explanation:

a. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the monday is given below:

                                                     Debit                    Credit

Salary expense                            $5,300                

($26,500/5)

Salary payable                                                        $5,300

b. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the thursday is given below:

                                                     Debit                    Credit

Salary expense                            $21,200                

($26,500/5*4)

Salary payable                                                        $21,200

You might be interested in
The price of an automobile is now $8325 which is 450% of its price seven years ago. What was the price of the car seven years ag
Vsevolod [243]
1850 is the price of the car 7 years ago
3 0
3 years ago
Which statement best describes a musical motive?
arlik [135]

the answer is b im not too sure tho

4 0
3 years ago
Read 2 more answers
Flanders Company purchased an asset on January 1, 2021 for $60,000. The asset has an estimated salvage value of $3,000. Its esti
emmasim [6.3K]

Answer:

$14,250

Explanation:

Annual depreciation = (Cost - Salvage value) / Useful Life

Annual depreciation = ($60,000 - $3,000) / 8

Annual depreciation = $57,000 / 8

Annual depreciation = $7,125

Accumulated dep. at December 31, 2022 = $7,125 * 2

Accumulated dep. at December 31, 2022 = $14,250

So, the balance in accumulated depreciation using the straight-line method at December 31, 2022 is $14,250.

7 0
3 years ago
Bailey is a new salesperson for a textbook publisher. She is compiling a list of professors who make textbook buying decisions a
coldgirl [10]

Options:

A. prospecting and qualifying.

B. sales identification.

C. personal development.

D. preliminary sales analysis.

Answer:A. prospecting and qualifying.

Explanation: Prospecting and qualifying are two terms which are currently used by the people who are involved in the sales and marketing of products.

Prospecting is the process of identifying and correcting with people or Organisations that can become potential customers.

Qualifying is the process of identifying and confirming if a given lead is a potential and prospective customer.

THE ACTIVITIES OF BAILEY THROUGH WHICH BAILEY WAS ABLE TO IDENTIFY DECISION MAKERS WHO ARE WILLING TO CONSIDER OF HER TEXT IS PROSPECTING AND QUALIFYING.

7 0
2 years ago
Which of the following hitches are allowed home depot
IceJOKER [234]
Post a picture or something because that doesn’t make any sense
5 0
3 years ago
Other questions:
  • Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
    13·1 answer
  • Which expert created a pyramid of people's basic needs? A. Douglas McGregor B. Abraham Maslow C. Frederick Herzberg D. Clayton A
    7·1 answer
  • According to Fiedler's contingency model, ______ situation control favors a leader who is ______ oriented.
    12·1 answer
  • A national polling organization wishes to estimate the percentage of all teenagers who believe social security will 'be there' f
    13·1 answer
  • Match each of the definitions that follow with the term it defines.
    10·1 answer
  • Which of the following is the most authoritative source of tax law?
    15·1 answer
  • A stock is selling today for $40 per share. At the end of the year, it pays a dividend of $2 per share and sells for $44. a. Wha
    11·1 answer
  • A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra
    9·1 answer
  • A company purchased a machine for $190,000. The machine has an estimated useful life of 8 years and a salvage value of $10,000.
    12·1 answer
  • movie producers a, b, and c secretly meet and agree to release their summer blockbuster films in sequence, rather than at the sa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!