Choose two companies from the same industry: one that is quite successful and one that is struggling. For each company, list eve
1 answer:
You might be interested in
Answer:
$2,000
Explanation:
Given:
Weekly payroll = $5,000
Number of working days for which wages are paid from Monday to Friday = 5
Wages paid per day =
or
Wages paid per day =
or
Wages paid per day = $1,000
Thus,
from Monday to Tuesday total wages paid
= Wages per day × Number of days
= $1,000 × 2
= $2,000
Hence, the amount of Wages Expense that should be recorded on that date is $2,000
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
