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sergij07 [2.7K]
3 years ago
7

By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay p

eriod. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salarie
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

The required adjusting entry would be to debit the Salaries expense account $650 and credit the accrued salaries account $650.

Explanation:

When an expense is incurred but yet to be settled in accrual accounting, the expense has to be recognized in the period in which it is incurred by debiting the expense account and crediting the accrued expense ( a liability) account with the amount incurred.

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A corrective tax Select one: a. allocates pollution to those factories that face the highest cost of reducing it. b. works well
strojnjashka [21]

Answer:

d. is a form of regulation.

Explanation:

A corrective tax is a market-based policy option used by the government to address negative externalities. Thus, the tax on these negative externalities is increased and thus could cause decreased production

4 0
3 years ago
Read 2 more answers
Malik Corp.'s bank statement has an ending balance of $50,000. The deposits in transit were $6,000. NSF checks were $1,000. Chec
olya-2409 [2.1K]

Answer:

Corrected cash balance =

Ending balance           = $50,000

Deposit in transit         = + $6,000

NSF Checks                 =  - $1,000

Outstanding checks    <u>=  - $3,000</u>

Corrected cash balance = $52,000

Explanation:

To make Adjustments to the cash balance, follow these steps;

  • Ending Balance from Bank statement
  • Add Deposits in Transit
  • Deduct NSF checks
  • Deduct Outstanding checks

6 0
3 years ago
During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo
aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

8 0
3 years ago
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $
ladessa [460]

Answer:

Annual maintenance on its equipment = Expensed

Remodelling of offices = Capitalised and depreciated.

Rearrangement of the shipping and receiving area = Capitalised and depreciated.

Addition of a security system = Capitalised and depreciated.

Explanation:

Annual maintenance on its equipment = $5,400  ( This is a normal maintenance bill and can be entirely expensed in the year it occurs.)

Remodelling of offices = $22,000 ( This is a part of the transformation process and should be capitalised and depreciated accordingly.)

Rearrangement of the shipping and receiving area = $35,000 (Since this is a reorganisation that would increase efficiency, it should be capitalised and depreciated.)

Addition of a security system = $25,000 ( Since this is an addition of asset, it should be capitalised and depreciated.)

3 0
3 years ago
A visual of a map color-coded to indicate states' rates of consumer debt is an example of
AleksAgata [21]
A cosmograph simply because that is not what any of the other graphs look like. D is the only one that can take the shape of a state.
6 0
3 years ago
Read 2 more answers
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