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Hitman42 [59]
3 years ago
15

The following are guidelines for budgeting with an irregular income except:__________ a) Prioritize the list in order of importa

nce. b) Make a list of all of your expenses for the month ahead. c) Budgeting with an irregular income is no different than budgeting with a regular income. d) When your check comes in, spend your money all the way down the list.
Business
1 answer:
Mila [183]3 years ago
4 0
C. Budgeting with an irregular income is no different than budgeting with a regular income.
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4 0
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Ganezh [65]

Answer:

Year end adjusting entry:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

January 4, journal entry:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

Explanation:

The year end adjusting entry that shall be recorded by the Pablo management in its accounts on December 31 in respect of salaries expenses is given as follows:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

The journal entry that shall be recorded by the Pablo management in its accounts on January 4 in respect of salaries paid to employees is given as follows:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

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