Answer and Explanation:
The Journal entries are shown below:-
1. Salary Expense $1,500
To Salary Payable $1,500
(Being salary expense is recorded)
Here we debited the salary expenses as it increased the expenses and we credited the salary payable as it also increased the liabilities
2. Salary Expense Dr, $2,100
Salary Payable Dr, $1,500
To Cash $3,600
(Being cash paid is recorded)
Here we debited the salary expenses and salary payable as it increased the expenses and decreased the liabilities and we credited cash as it reduced the assets
Answer:
Quality control
Explanation:
Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.
Obviously, Mr Timothy’s position within the company is Chief Financial officer
Chief Financial officer is the officer responsible for management of company's finances and top-level budgets.
So, as the Chief Financial officer, his responsibility includes:
- creating the budget for a fiscal year
- creating a cost-profit analysis report
- identifying avenues for possible cost reduction in the budget
In conclusion, Mr Timothy’s position within the company is Chief Financial officer
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