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rjkz [21]
3 years ago
11

On January 9, a company pays $5,910 for salaries and wages of which $2,870 was reported as Salaries and Wages Payable on Decembe

r 31. Give the entry to record the payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
Orlov [11]3 years ago
7 0

Answer: Please find answer in explanation column

Explanation:

Journal entry to record payment of Salaries and wages

Dates                   Account title                      Debit               Credit

Jan 9     Salaries and Wages  Payable         $2,870  

       Salaries and Wages Expenses              $3,040

              Cash                                                                       $5,910

Calculation

Salaries and wages Expense = Cash -Salaries and Wages  Payable

= $5,910- $2,870=$3,040

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Answer:

Option (d) is correct.

Explanation:

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4 years ago
. Terry purchases an annuity with payments made at the beginning of each month for 36 payments. The monthly payments are a const
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Answer:

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4 0
3 years ago
Find the present value pv of the given investment. an investment earns 2% per year and is worth $40,000 after 8 years.
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First use the formula of the future value of an annuity ordinary to find the yearly payments
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value 40000
PMT yearly payment?
R interest rate 0.02
N time 8 years
Solve the formula for PMT
PMT=Fv÷[(1+r)^(n)-1)÷r]
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÷(0.02))
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Now use the formula of the present value of an annuity ordinary to find the present value
Pv=pmt [(1-(1+r)^(-n))÷r]
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3 years ago
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Katyanochek1 [597]

Answer and Explanation:

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8 0
3 years ago
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