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
mamaluj [8]
3 years ago
13

Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for

work done from December 18-31, 2013. Because the employee work was performed in 2013, the wages expense should be recorded in 2013.Record the Transaction:What adjusting entry will need to be made? Total compensation to be paid for the 2 week period is $100,000.ACCOUNTSWAGES EXPENSECASHWAGES PAYABLEACCOUNTS PAYABLEAMOUNTS$100,000$100,000$110,000$110,000
Business
1 answer:
Sonbull [250]3 years ago
5 0

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

You might be interested in
Power given to people because of their superior knowledge about the work is Your answer: a- identity power b-expert power c-rewa
frozen [14]
<span>Power given to people because of their superior knowledge about the work is B. expert power.
Experts are people who have superior knowledge of a subject when compared to other people. So if someone thinks that your knowledge about something is greater than that of someone else's, your boss may give you more power than other employees. 
</span>
4 0
3 years ago
Which would be a likely cause of an increase in the demand for pizza? a reduced desire for take-out and fast-food dining a decre
TiliK225 [7]

I think the correct answer to this would be:

“A health report showing eating pizza reduces stress”

<span>If health news about pizza reducing stress would come out, people’s willingness to buy pizza would definitely increase. This is because of the additional positive reinforcer, reducing stress, associated with the great taste of pizza that people would definitely buy this.</span>

4 0
3 years ago
Broker Nina and Broker Vesta work for Principal Broker Griffin. Vesta is working with Marlin, who is interested in purchasing a
Kay [80]

Answer:

B) Single agency.

Explanation:

In real estate, a single agency relationship means that the broker can only represent one of the parties involved in the transaction, either the buyer or the seller, but he/she cannot represent both parties. Most broker-client relationships are single agencies, since that way the broker should pursuit his/her client's best interest.

In a dual agency relationship, the broker represents both he seller and the buyer.

8 0
3 years ago
Bond co. is using the target cost approach on a new product. information gathered so far reveals: expected annual sales 400,000
Bezzdna [24]

<span>The target selling price per unit is $0.77, According the accounting books I have search,using this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is an approach in most company to know a product’s life cycle cost in which it is sufficient to develop specified functionality and quality.</span>

5 0
3 years ago
Identify the steps to conducting a simulation in the correct order. (1 point) state the problem or question, state the assumptio
NeTakaya

<span>Simulation is an imitation of a situation or a chance behavior that accurately reflects the situation under consideration. </span>

<span>Steps in  conducting a simulation in the correct order (first choice)</span>

• State the problem or question

• State the assumptions,

<span>• Assign  digits to represent outcomes,
• Simulate many repetitions
• State your conclusions</span>

6 0
2 years ago
Other questions:
  • Bonita Realty Management Co. received a check for $32,400 on August 1, which represents a one year advance payment of rent on an
    11·1 answer
  • According to the Zippo standard, websites that provide information but do not provide the opportunity to conduct online transact
    5·1 answer
  • Suppose the demand for tacos decreases. What will happen to producer surplus in the market for tacos?
    15·1 answer
  • When a perfectly competitive firm is in long-run equilibrium, the firm is:
    14·1 answer
  • A company with a functional organization structure has more difficulty doing which of the following? Focusing on the goods, mana
    15·1 answer
  • Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings
    12·2 answers
  • The federal funds rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the F
    10·1 answer
  • True or false: Accumulated Depreciation is a contra-account to a long-lived asset account, such as Equipment. This means that it
    15·1 answer
  • Banks pay interest to customers through a
    15·2 answers
  • An unfavorable fixed overhead volume variance can be due to all of the following except a.sales orders at a low level b.an incre
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!