Answer:
its b
Explanation:
When a persons actions make another person look bad
B. Rent a car because if ur gonna visiting family you have to rent a car duh
Answer:
C. debit Salary Expense, $8000; credit Salaries Payable, $8000
Explanation:
When Salaries are payable or accrued, the following journal entry is passed:
Salaries Expense A/C Dr.
To Salaries Payable A/C
(Being salaries payable recorded)
The effect of the above transaction being, salary expense being debited and salaries payable or outstanding liability being created.
On the date of payment, the journal entry would be:
Salaries Payable A/C Dr.
To Cash A/C
(Being salaries paid in cash recorded)
In the given case, 2 days salaries i.e $8000 have accrued. The entry to be passed on Tuesday would be as under:
Salaries Expense A/C Dr. $8000
To Salaries Payable A/C $8000
(Being salaries payable recorded)
<u>Answer:</u> Inventory larceny scheme
<u>Explanation:</u>
Inventory of the firm is an asset which the employees mishandle by selling it to the third parties without the knowledge of the owner. Inventory larceny scheme means the employees takes the stock from the business and does not record the theft in the accounts of the business.
Ben Rogers and Dawn have involved themselves in Inventory larceny scheme where they take goods such as watches, fishing reels and sporting goods out of the inventory by selling it to third parties and make income for personal benefit.
Answer:
Explanation:
a) actual cost method:-
=deductions × percentage
= 345 + 205 + 85% (2800 + 275 + 180 + 1890 +3600 +4125 )
=550 + 10939.5
=11489.5 = 11490
Note :- fines are not taken.
b) automatic mileage method:-
=total number of business miles × standard rate
=32200×0.58 +345+205
=19226