Answer:
Accounts
Wages Expense
Wages Payable
$100,000
$100,000
Explanation:
As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.
<span>Helen taylor works 10 hours a day for 4 days a week, while her colleagues work 8 hours a day for 5 days a week. helen is utilizing a flexible work schedule option known as the compressed workweek.Generally compressed work week means a work course of action where a standard week's worth of work is lessened to less than five days, and employees make up the full number of hours per-week by working longer hours.In some situations Elective work course of action where a standard week's worth of work is lessened to less than five days, and representatives make up the full number of hours per-week by working longer hours.In some situations for meeting deadlines compressed workweek may occur every other week.</span>
Answer:
The correct option is 2. $50,200
Explanation:
Please see below the required journals for the transactions that occurred:
Debit Allowance for doubtful accounts $31,800
Credit Accounts receivable $31,800
(<em>To record write-off of accounts receivable)</em>
Debit Accounts receivable $2,340,000
Credit Sales revenue $2,340,000
<em>(To record credit sales during the year)</em>
Debit Cash $1,910,000
Credit Accounts receivable $1,910,000
<em>(To record collection on account)</em>
- The effect of the above journals on allowance for doubtful account is a reduction. Since Dinty already assessed its allowance for doubtful account to be $82,000, bad debt expense required will be $50,200 ($82,000 - $31,800).
- The balance in accounts receivable will be $2,340,000 - $1,910,000 - $31,800 = $398,200.
I think this is an example of self-serving bias. This is the tendency of people to attribute positive outcomes to personal factors, but attribute negative outcomes to external factors such as other people. The reason people have this tendency because personalizing success or positive outcomes helps their self-esteem.
The applicable law in the instance when Austin, Texas decides on imposing a new tax code on business owners within the city is <u>B. Public law.</u>
<h3>What is Public Law?</h3>
Public law concerns all matters pertaining to the relationship between the city government and legal entities or persons residing or doing businesses in the city. Public law, therefore, governs the relationship between the city and its subjects, which include individuals and organizations within the city.
<h3>Answer Options:</h3>
A. Private law
B. Public law
C. Federal law
D. Criminal law
E. State law
Thus, the applicable law in this instance is public law and not private, federal, criminal, or state laws.
Learn more about public laws at brainly.com/question/26332646
