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
MAXImum [283]
2 years ago
5

Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $13,600 of unpaid and unrecord

ed salaries. The next payday is January 3, at which time $34,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.a. Debit Salaries expense $9,200; credit Salaries payable $9,200.
b. Debit Salaries expense $13,800; debit Salaries payable $9,200; credit Cash $23,000.
c. Debit Salaries payable $13,800; credit Cash $13,800.
d. Debit Salaries payable $9,200, credit Salaries expense $9,200.
e. Debit Salaries expense $13,800; credit Salaries payable $13,800.
Business
1 answer:
lyudmila [28]2 years ago
6 0

Answer:

Salaries expense A/c Dr $34,000

     To Cash A/c $34,000

(Being the salary is paid for cash is recorded)

Explanation:

The journal entry is shown below:

On January 3

Salaries expense A/c Dr $34,000

     To Cash A/c $34,000

(Being the salary is paid for cash is recorded)

Since salary is paid so we debited the salary expense account and the cash is reduced so cash account should be credited.

The options which are given are not correct. So, ignored it

You might be interested in
The four key types of ratios that investors monitor are liquidity ratios, leverage ratios, profitability ratios and _______ rati
mash [69]
I believe it is Activity Ratios. Hope this helps!
7 0
3 years ago
Read 2 more answers
PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products orig
Licemer1 [7]

Answer: Puresource Pharma would have to reduce it's cost

Explanation:

Horizontal integration could be defined as the merge between two or more companies that carry out similar functions or market in production.

Puresource Pharma would have to reduce it's cost of product and either sell below or same cost as their acquired company's product. This would help promote her market and would give a monopoly for them for the market for both of them.

6 0
3 years ago
Take it and go don't wast my time
BartSMP [9]

Answer:

thanks man

Explanation:

7 0
2 years ago
Read 2 more answers
EB4.
avanturin [10]

Answer:

Fixed and Variable cost:

Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.

Variable cost are the costs which changes with change in the level of output produced and sold.

Product and Period cost:

Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.

Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

(a) Variable cost - Product cost

(b) Variable cost - Product cost

(c) Fixed cost - Period cost

(d) Fixed cost - Period cost

(e) Fixed cost - Period cost

(f) Fixed cost - Period cost

(g) Variable cost - Product cost

(h) Fixed cost - Period cost

(i)  Fixed cost - Period cost

6 0
2 years ago
The _____ is a more specific goal that unifies company-wide efforts, stretches and challenges the organization, and possesses a
Rus_ich [418]

Answer:

The correct answer is strategic objective.

Explanation:

The strategic objectives are the goals that a company proposes in a term greater than one year to achieve a certain objective according to its business vision. It also includes strategies to reach that goal. Here are some examples of strategic objectives.

The strategic objectives will be based on the vision or idea that is born with the company, determining its mission and values, in addition to conditioning the actions that will be carried out in order to achieve them.

5 0
3 years ago
Other questions:
  • Sosa Corporation recently reported an EBITDA of $31.9 million and net income of $9.7 million. The company had $6.8 million in in
    10·1 answer
  • 1. Gerald and Moira Johnson, are married taxpayers with two children, Michael and Oliver. Oliver lives with the Ryans and Michae
    9·1 answer
  • The dividend policy must be formulated considering two basic objectives, namely ________. delaying the tax liability of the stoc
    9·1 answer
  • A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends a direction
    9·1 answer
  • Suppose you work for amazon or a company that takes innovation as seriously as amazon does. what do you suppose is the likely re
    14·1 answer
  • On January 1, Whispering Winds Corp. had 62,600 shares of no-par common stock issued and outstanding. The stock has a stated val
    5·1 answer
  • Hailey, inc., has sales of $19,630, costs of $9,400, depreciation expense of $2,070, and interest expense of $1,560. assume the
    15·1 answer
  • The legal concept of limited use permits limited duplication and use of a portion of copyrighted material for certain purposes,
    10·1 answer
  • What happens over time to the real cost of purchasing a home, if the mortgage payments are fixed in nominal terms and inflation
    13·1 answer
  • ____________ reflects the understanding that the cost of repairing an unexpected breakdown is usually much greater than preventa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!