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prohojiy [21]
3 years ago
11

An adjusting entry was made on year-end December 31 to accrue salary expense of $2,200. Assuming the company does not prepare re

versing entries, which of the following entries would be prepared to record the $5,000 payment of salaries in January of the following year?
Business
1 answer:
-BARSIC- [3]3 years ago
7 0

Answer:

Salary expense A/c Dr $2,800

Salary payable A/c Dr $2,200

        To Cash A/c $5,000

(Being the payment of salaries is recorded)

Explanation:

The adjusting entries for recording the accrued salary expense would be

Salary Expense $2,200

   To  Salary Payable $2,200

(Being accrued salaries are adjusted)

When the payment of salaries is made for $5,000, so the journal entry would be

Salary expense A/c Dr $2,800

Salary payable A/c Dr $2,200

        To Cash A/c $5,000

(Being the payment of salaries is recorded)

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fenix001 [56]

Answer:

answer is given below

Explanation:

  • As sales managers of car dealerships, we need to create a plan to effectively target potential customers.
  • In order to effectively target potential buyers, we need to determine both demographic and behavioral data. With respect to demographics, it is important to have information about age, gender, and income levels so that we can consider former consumer trends. Getting this type of data helps our dealerships identify the consumer trends that best target our marketing campaigns. In addition to this data, monitoring our social media feeds also helps us gain insight into our automakers by providing us with demographics and behaviors.
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4 0
3 years ago
Coffee Klatch Party Group, a political organization, files a claim to challenge a Delaware statute that limits the liberty of al
Talja [164]

Answer:

The correct answer is C. This claim is most likely based on the right to substantive due process.

Explanation:

Substantive due process is a means by which the government's ability to interfere with the fundamental rights of individuals is limited. In this case, the fundamental right violated is that of freedom of expression, guaranteed by the First Amendment. Thus, since it is a right with constitutional protection, the government cannot curtail its operation without the due legal process necessary for this purpose.

7 0
4 years ago
Read the following​ sentence, remove the bold portion that would make the sentence more concise: When the scientists added the f
LiRa [457]

Answer:

The correct answer is letter "C": in color.

Explanation:

In order to make a sentence more concise, it is better to avoid redundancies, it is setting aside words that have a similar meaning within the same segment. Redundancies are typically useful for literature when the author wants to emphasize the meaning of something. Though, when talking about scientific facts, it is better not to use them because they tend to confuse the meaning of the message delivered. In:

<em>When the scientists added the final chemical into test​ tube, the malodorous liquid turned green in color. </em>

"...in color" does not add meaning to the message. If something turns green it is understood that the color has changed. Thus, to make more concise the sentence we should delete it.

6 0
3 years ago
Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of LaCrosse’s stock. On October 1
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Answer:

Correct Option is B) Rochester Income Increase, Reedsburg Income No effect

Explanation:

As per IFRS,

When a company holds share of any company up to 20% then it is an associate, and in this case Rochester holds only 15% and thus will increase its net income with dividend received. (Cost method is followed)

When a company holds more than 20 % and less than 50% then the equity method is followed until and unless major significance is not exercised, generally it is exercised. In that case equity method is followed, and any income received is adjusted from cost of investment, and do not form part of income.

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3 years ago
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KiRa [710]

The correct answer to this question would be:

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5 0
3 years ago
Read 2 more answers
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