1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
12

The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en

tire week ending on Friday, December 30. The employee earns $800 per day.
Complete the necessary adjusting entry.
Business
1 answer:
Oksanka [162]3 years ago
4 0

Answer:

Date             Account                Dr.           Cr.

Dec 30    Wages Expense     4,000

               Wages Payable           4,000

Explanation:

Employee worked the whole week which ended on Friday, December 30. The adjusting entry will require to record the accrued expense at end of the period. As the last day of period is Saturday, December 31 and he will be paid on Monday January 2. The accrual accounting requires to record an expense at the end of the year if it is incurred even if it is not paid yet.

Payroll expense = $800 x 5 days = $4,000

You might be interested in
What is meant by accounting
abruzzese [7]

Answer:

accounting is a process of analysis and summarising business and financial transactions and verifying the reporting the results...

follow me

7 0
2 years ago
A State A consumer was in a traffic accident with a State B driver. The State A consumer’s car burst into flames, causing horrif
kupik [55]

Answer: The correct answer is B. Yes, because the State B driver's claim is a proper cross-claim and is within the court's supplemental jurisdiction.

Explanation:

Option B is correct because the State B driver can assert his tort claim against the State B manufacturer. The driver's claim is a proper crossclaim and this is because it arises from the same occurrence as with State A consumer's claim.

4 0
3 years ago
Globalization is:
Karolina [17]

Answer:

d) making HR planning more critical and complex.

Explanation:

Globalization refers to the way of interacting with different people around the world in order to get healthy relationship for business purpose. Communication technologies become a helping hand to make globalization so easy and efficient.

Increase Globalization increase the practice of human Resource, in order to maintain the workforce in a more systematic way thus globalization make human resource planning more complex.

5 0
4 years ago
Hanover, inc. purchased land through the issuance of long-term bonds. how is this reported on the statement of cash flows?
avanturin [10]
The purchase of land by Hanover, Inc. through the issuance of long term bonds should be reported on the statement of cash flows as
significant non cash investing and financing activity that merits disclosure.
5 0
4 years ago
t is often costly to obtain the information necessary to make good decisions. yet your own interests can be best served by ratio
goldenfox [79]

Answer:

The answer is below

Explanation:

1. Yes, making uninformed decisions is irrational. This is because it will cost the individuals making uninformed decisions to lose money in the process. Such individuals may also lose another important aspect concerning their decision, such as technological advantage, political assistance, social benefits, economic privilege, etc.

2. To determine how much information is the right amount is to ensure you continue to acquire information as long as the benefit of the additional information exceeds the additional costs. Otherwise, it is no longer the right amount anymore.

3 0
3 years ago
Other questions:
  • Christine is an artist who creates custom cookie jars. Her annual revenue from selling the cookie jars is $90,000. The annual ex
    11·1 answer
  • Which of the following is most likely to characterize a fascist regime? Select one: a. a strong respect for human rights b. tole
    11·1 answer
  • For dod computer-based systems such as automated information systems and command and control systems, standard information techn
    13·1 answer
  • An investment costs $152,000 and has projected cash inflows of $71,800, $86,900, and −$11,200 for Years 1 to 3, respectively. If
    5·1 answer
  • Match the following:
    13·2 answers
  • 4. You may think of your college or university as an organization that offers a line of different educational products. Assume t
    14·1 answer
  • Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.7 ounces of aluminum per can.
    7·1 answer
  • he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December
    6·1 answer
  • Your parents are giving you $200 a month for 4 years while you are in college. At an interest rate of .47 percent per month, wha
    5·1 answer
  • Hi, this is Business statistics. Please help me. Thank you
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!