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
love history [14]
4 years ago
11

Colleen Mooney earned a salary of $400 for the last week of September. She will be paid on October 1. The adjusting entry for Co

lleen's employer at September 30 is:
Select one:
a. No entry is required.
b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
c. Salaries and Wages Expense 400 Cash 400
d. Salaries and Wages Payable 400 Cash 400
Business
1 answer:
gayaneshka [121]4 years ago
3 0

Answer:

b. Salaries and Wages Expense 400 Salaries and Wages Payable 400

Explanation:

The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.

The following adjusting entry shall be recorded in Colleen's employer accounts:

                                                                               Debit                          Credit

Salaries and Wages Expense                               400

Salaries and Wages Payable                                                                   400

Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400

You might be interested in
Which of the following are automatically withheld from paychecks?
Dimas [21]
Taxes are automatically withdrawn from paychecks.
4 0
3 years ago
Cargo Industries began the month with a $10,000 debit balance in the Cash account. During the month, the total of the debit entr
alukav5142 [94]

Answer:

B$10,800 debit balance.

Explanation:

In the given question, first we have to compute the difference of cash account which equals to

= Total debit entries - Total credit entries

= $4,800 - $4,000

= $800 debit

Now add this amount to the beginning balance which equals to

= Beginning amount of cash balance + Difference amount

= $10,000 + $800

= $10,800 debit

7 0
4 years ago
Stoneheart Group is expected to pay a dividend of $3.27 next year. The company's dividend growth rate is expected to be 3.4 perc
shepuryov [24]

Answer:

The stock price is $37.16

Explanation:

Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.

Formula to calculate the value of stock

Price = Dividend / ( Rate or return - growth rate )

Price = $3.27 / ( 12.2% - 3.4% )

Price = $3.27 / 12.2% - 3.4%

Price = $3.27 / 8.8%

Price = $37.16

7 0
3 years ago
What does the A mean in smart
Mumz [18]

Answer:

attainable

Explanation:

  • specific
  • measurable
  • attainable
  • realistic
  • and time bound

5 0
3 years ago
Franchise fees should be recognized 1. on the date the contract was signed. 2. when performance obligations are satisfied. 3. on
Snezhnost [94]

Answer:

2. when performance obligations are satisfied.

Explanation:

Franchise fee is paid to the franchisor to become part of the franchise.

Obligations by the franchisor are satisfied when:

1. When the franchisor does not have any financial repayments to make.

2. Initial services are all performed, for example some agreements require franchisor to train new franchise staff.

Usually franchise fee is paid upfront, and then regular payments areade by the franchise to the franchisor to remain a member.

5 0
3 years ago
Other questions:
  • A professor hypothesizes that there will be a relationship between couples' listening skills and length of marriage. she has a _
    13·1 answer
  • A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 25% wt
    15·1 answer
  • A high-profile consulting company chooses its new entry-level employees from a pool of recent college graduates using a five-ste
    12·1 answer
  • To reduce the potential for litigation, the keys to dealing with non-performing employees by health leaders are _____________, c
    15·1 answer
  • If the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on P.U.T.T. stock at an exercise p
    15·1 answer
  • Which of the following are financial careers? select all that apply.
    15·2 answers
  • Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
    6·1 answer
  • What is equilibrium in econ
    7·1 answer
  • You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
    12·1 answer
  • Kenneth entered into a contract to sell his home to Valerie, who put down a $5,000 earnest money deposit. At the last minute, Va
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!