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larisa86 [58]
2 years ago
14

Zachary graduated from college and sold most of the contents of his apartment to Sally. What law governs the contract the partie

s made?
a. The common law
b. The Convention on Contracts
c. Real property law
d. Article 2 of the Uniform Commercial Code
e. None of these, as the contract is informal
Law
1 answer:
Andrew [12]2 years ago
5 0
I think the answer has to be a
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If jupiter park senior center has a weekly payroll of 17500 december 31 falls on wednesday, and a juniper park senior center will pay its employees the following monday. The journal entry is Debit Salaries Expense $10,500; Credit Salaries Payable $10,500.

<h3>How to prepare the journal entry?</h3>

The appropriate entries to record the given transactions are:

1. Dec. 31

Debit Salaries Expense $10,500

Credit Salaries Payable $10,500

(To record  accrue salaries expense)


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(Days to accrue: Wednesday, Thursday, Friday)

2. January 5

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Debit salaries payable  $10,500

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Credit Cash $17,500

(To record salaries expenses)

Therefore the entry for Dec 31 is to debit salaries expenses and credit salaries payable.

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The complete question is:

jupiter park senior center has a weekly payroll of 17500 december 31 falls on wednesday, and a juniper park senior center will pay its employees the following monday (january 5th) for the previous full week. assume juniper park senior center has a five day workweek and has an unadjuste balance in salaries expense of 510000

Record the adjusting entry for accrued salaries on December 31.

Record the journal entry for payment of salaries made on January 5.

Salaries Expense:

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