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
svetoff [14.1K]
3 years ago
13

The following three separate situations require adjusting journal entries to prepare financial statements as of April 30. For ea

ch situation, present both the April 30 adjusting entry and the subsequent entry during May to record the payment of the accrued expenses.
a. On April 1, the company hired an attorney for a flat monthly fee of $3,000. Payment for April legal services was made by the company on May 12.
b. As of April 30, $2,298 of interest expense has accrued on a note payable. The full interest payment of $6,893 on the note is due on May 20.
c. Total weekly salaries expense for all employees is $14,000. This amount is paid at the end of the day on Friday of each five-day workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May 3.
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

Answer:

pasensya na di ko alam ang sagot

You might be interested in
Carey Anderson opened a software consulting firm that immediately paid​ $21,000 for a computer system. Was​ Anderson's computer
weeeeeb [17]
It is because he is paying money so it is a expense
4 0
3 years ago
5.01 Four Types of Utility Marketing Worksheet All four types of utility must be present for consumers to be satisfied; none of
dem82 [27]

Answer:

20.

37. 42 is the answer

Explanation:

8 0
2 years ago
Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
chubhunter [2.5K]

Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

                                        = 4,000 units

Units required in January = 30,000 + 4,000

                                        = 34,000 units

Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

                                                   = 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

                                        = 28,000 units

Units to be produced in February = 28,000 - opening inventory

                                                         = 28,000 - 4,000

                                                         = 24,000 units

5 0
3 years ago
People who want to obtain (blank)
vodomira [7]

Answer:

Explanation:

People who want to obtain credit goods services from financial institutions can use their economic political property rights to do so.

plz mark as brainliest

6 0
3 years ago
An audit plan of substantive procedures for cash would not includeA. request a cutoff bank statement be mailed to the client. B.
faltersainse [42]

Answer:

The correct answer is option A.

Explanation:

Substantive is a type of auditing procedure. It involves the process of examining financial statements and other related documents to  check for error.

These tests are conducted to ensure that the financial records are complete and correct.

These procedures are conducted by an auditor and include examining journal entering, testing account balances and transactions.

Though it does not include requesting a cut off bank statement to be mailed to the client.

5 0
3 years ago
Other questions:
  • The AW Direct trucking company recently had to terminate one third of its employees and restructure various divisions. Some empl
    13·1 answer
  • What business machine/equipment can you operate?
    6·1 answer
  • Ducheyne Electric recently declared a 15 percent stock dividend. On the date of the stock dividend Ducheyne had 16 million share
    11·1 answer
  • Tax evasion, or telling lies on your tax return is legal<br> a) true<br> b) false
    5·1 answer
  • A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or wil
    8·1 answer
  • Mario is an avid collector of Major League Baseball memorabilia. He greatly desires to own the "special" bat that earned the slu
    7·1 answer
  • If you see a large group of stranded passengers standing next to a disabled bus, and you have only three seats in your car, deci
    11·1 answer
  • Write two or three career goals for yourself. Remember to use the guidelines for writing goals. Also, state how you will review
    11·2 answers
  • 2 Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; no
    12·1 answer
  • 1. What are the different account titles used in balance sheet account under current assets?​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!