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
nordsb [41]
3 years ago
10

Assume that salaried employees of Mayer, Inc., earn 2 weeks of vacation per year. The salaried employees earn a total of $160 ea

ch pay period. Mayer's first payroll of the year is on January 7. Prepare the January 7 journal entry for Mayer by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
2 answers:
Lelu [443]3 years ago
8 0

Answer:

Dr. Salaried and Wages Expense  $160

Cr. Vocational benefit Payable       $160

Explanation:

The vocational pay is an expense for Mayer, Inc., to record this expense we have debited the Salaried and Wages Expense account by $160, because expenses have debit nature and need a debit entry to Increase.

O the other hand a liability will be created for vocational benefit payable, which needs a credit entry to Vocational benefit Payable account.

Dafna11 [192]3 years ago
4 0

Answer:

Jan .7 Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

Explanation:

Journal entry for Mayer

Date Account Name Debit Credit

Jan .7

Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

( to record vacation pay expense.)

You might be interested in
______ are special incentives or excitement-building programs that encourage consumers to purchase a particular product, often u
Anastaziya [24]

Answer:

I think it is d if not then d haha

4 0
3 years ago
g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
Brums [2.3K]

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

5 0
3 years ago
Who here thinks that we should create a medium of this not unsimilar to yahoo answers, in which we could as general questions in
ANTONII [103]
Well, in my opinion, there should be a little category for that, but then again, that may require extra moderation. Also, the guide lines say to never include personal information. Everyday issues often include personal info. Mostly all of the everyday issues we have can call under the line of math, science, reading, language arts, music, so on.
4 0
3 years ago
Are starting points for Internet exploring and are interested in channeling surfers to particular sites, especially commercial o
Firdavs [7]

Answer:

<u>Portals.</u>

Explanation:

A portal is defined as an internet site whose purpose is to cluster and make available diverse content from various sources, and acts as an access point for various websites.

In order to function effectively a portal must be designed to withstand the large amount of user access, so that it works properly without slow system and damage to users. As a portal is a channel especially for commercial websites, it is imperative that the team of contributors who feed the portal have access to the large amount of structured and unstructured information, so that there is better organization and search accuracy and prevention of misfortune, such as failures on commercial sites such as a paid purchase that is not registered and ends up lost or a customer unable to access the site information screen.

8 0
4 years ago
A principle of the human relation approach is that .
AfilCa [17]
The basic principles of human relations approach are :- Human beings are not interested only in financial gains. They also need recognition and appreciation. Workers are human beings. So they must be treated like human beings and not like machines.
5 0
3 years ago
Other questions:
  • Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals
    6·1 answer
  • Which of the following lists contains, in this order, natural resources, human capital, and physical capital?
    6·1 answer
  • Retained earnings, $400,000 Treasury stock—common, $20,000 Paid-in capital in excess of par value—common, $55,000 Treasury stock
    15·1 answer
  • Under the direct​ write-off method, the entry to write off an uncollectible account will include​ ________. A. a credit to the A
    15·1 answer
  • According to conflict theorists, schools:
    5·1 answer
  • Near the end of 2018, Byron realizes that he has a net short-term capital loss of $13,000 for the year. Byron has taxable income
    5·1 answer
  • "A company offers ID theft protection using leads obtained from client banks. Four employees work 40 hour a week on the lead, at
    5·1 answer
  • Oceanic, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Macmi
    9·1 answer
  • Which of the following describes mannerisms? Question 2 options: Style of speaking or behaving Dressing appropriately Values and
    10·1 answer
  • Microeconomics is the study of: __________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!