Answer:
Debit Expenses $90,000; credit Accrued wages and salary $90,000
Explanation:
If we assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30).
The entry, if any, should be made in the city’s general fund on June 30 is to: Debit Expenses $90,000; credit Accrued wages and salary $90,000
The amount has been incurred in the month but has not been paid hence it has to be captured as expenses for the month of June while the double entry will be that the amount is captured as accrued wages signifying that it has not been paid within the period it was incurred
The merger is an example of
<h3>What is a vertical merger?</h3>
A merger occurs when one firm is absorbed by another firm. When a merger occurs, one of the firms would not exist as a separate entity while the other firm would continue to exist.
A vertical merger is when a firm purchases another firm in the same production line. e.g. a baker purchases a pastry distributing company.
To learn more about mergers, please check: brainly.com/question/1086715
Answer: within five days or 10
Explanation:
Answer:
$1,300,000
Explanation:
The computation of the total amount included in the translated balance sheet is shown below:
= Account receivable at current rate + account receivable, long term at current rate + inventories at current rate + goodwill at current rate
= $600,000 + $300000 + $180,000 + $220,000
= $1,300,000
We recorded at the current rate or lower value of current rate or historical rate but the goodwill is recorded at current rate
Answer:
The correct answer is Grade inflation.
Explanation:
The inflation of grades is the term used to designate the distortion in the distribution of grading frequencies that the teacher or his group assigns to his students. It is characterized by an overabundance of high ratings. This situation may end up causing an unwanted effect, because students are shown as successful in the face of future jobs but in reality they do not demonstrate that training that details their qualifications.
