Answer:
Debit Salary Expense $16,890
Credit Salary Payable $16,800
Explanation:
Accrued expenses are recognised at the end of an accounting period in obedience to the accrual method. All revenues and expenses are to be recognised when they are earned or incurred. The salaries that had accrued at the end of June will have to be recognised by debiting Salary Expense.
The next salary of $24,000 will be paid on July 3. The normal period for payment is 7 days. Days till pay is 7+3 days from July= 10days
$24,000 is payable in 10 days
$ x (accrued wages) will be payable in 7 days
Cross-multiply
$ x= 24,000*(7/10)
$ x= $16,800
I think and arrange Charlie as having an autistic disorder, which can be grouped by impeded social association and correspondence.
It is a neurological and formative issue that typically shows up amid the initial three years of life. A tyke with extremely introverted-ness seems to live in their own reality, indicating little enthusiasm for others and an absence of social mindfulness.
Answer:
C. a circular flow of influences
Explanation:
The free market system is an economic system in which the prices for products and services is decided by supply and demand without the intervention of the government. As this system is based in the supply and demand, this forces infuence each other which generates a circular flow of influence. According to this, the answer is that the free market is characterized by a circular flow of influences.
Answer:
$700 (not given in the options)
Explanation:
When the policy is purchased with a payment made in advance, the entries recorded are
Debit prepaid insurance $8,400
Credit Cash account $8,400
After the first month, the expense incurred is
= 1/12 × $8,400
= $700
Entries then required
Debit Insurance expense $700
Credit Prepaid Insurance $700