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igomit [66]
3 years ago
15

Parton Company provides its employees with varying amounts of vacation per year, depending on the length of employment. The esti

mated amount of the current year's vacation cost is $196,800. The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a
a. credit to Vacation Pay Expense for $196,800.
b. debit to Vacation Pay Expense for $16,400.
c. credit to Vacation Pay Expense for $16,400.
d. debit to Vacation Pay Payable for $196,800.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

b. debit to Vacation Pay Expense for $16,400.

Explanation:

current month's accrued = total current's vacaction cost/12

                                         = $196,800/12

                                          = $16,900

Adjusting journal entry will be:

                                                     Dr               Cr

vacation pay expenses              $19,600              

 to vacation payable                                      $16,900

Therefore, The  journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.

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U. s. treasury securities considered to be risk-free because they have minimal, if any, ____ risk.
zubka84 [21]

U. s. treasury securities are considered risk-free because they have minimal if any, default risk.

Given that the U.S. government stands behind them with its full faith and credit, Treasury securities are among the safest investments. According to the maturity period, Treasury securities are separated into three major groups:

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You can buy any of these Treasury securities directly from the US government, through a bank, or through a broker. Despite being low-risk, treasuries do have some risks, such as being affected by inflation and interest rate changes. Treasuries have low returns because they are a secure investment. Federal taxes must be paid on interest received on Treasury securities.

To know more about Treasury securities refer to:  brainly.com/question/15004124

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8 0
1 year ago
14) What are the two parts of demand?
Usimov [2.4K]

Answer: The two parts of demand are:

• Willingness to buy

• Ability to pay

Explanation:

Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.

There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.

4 0
3 years ago
Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check registe
Rzqust [24]
It looks tricky but its actually simple. Bank statement shows balance is $1054.13 while Bess check register shows $869.96. For us to know the amount of the check that was not approved is to get the difference of the bank statement and Bess check register. $1054.13 minus 869.96 is $184.17. Therefore, the answer is letter B.
5 0
3 years ago
Nix’It Company’s ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix
Mkey [24]

Answer:

July 31

Shrinkage Expense $1,800    ($44,300 - $42,500)

Inventory  $1,800 Reflects the loss on inventory account.

Explanation:

When the company conduct a physical inventory of their merchandise, most of the time there are discrepancies between physical counts and books values, then it's necessary to reflect that in the accounting,

The correct way is to reflect the difference as a loss in there is less units of goods or as profit if there more units, it's mostly a loss because of damage or theft.

To this case the total amount on the books on July 31 was $44,300 but when the physical counts was made the result was a total value of $42,500, the difference of $1,800 it's reported as a loss to the company in the income statement.

5 0
2 years ago
(ANSWER FAST)(35 POINTS)
nika2105 [10]

Answer:

highest paying

Explanation:

not sure tho tell me if im right

8 0
2 years ago
Read 2 more answers
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