Sam gets paid $2,500 every two weeks. Sam will not be paid until the end of the first week in April. What is The adjusting entry recorded by Sam’s employer on March 31?
The adjusting entry of Sam’s employer will be to record the 1 week salary for the month of march that will be paid in april but accrued in the month of march. Adjusting entry would be as follows
Date |
General Journal |
Debit |
Credit |
31 March |
Salaries expense |
$ 1,250.00 |
|
Salaries payable |
$ 1,250.00 |
||
(To record accrued salary for 1 week) |
Sam gets paid $2,500 every two weeks. Sam will not be paid until the end of...
Fighting Irish Incorporated pays its employees $3,500 every two weeks ($250/day). The current two week pay period ends on December 28, 2021, and employees are paid $3,500. The next two week pay period ends on January 11, 2022, and employees are paid $3,500. Required: 1. Record the adjusting entry on December 31, 2021. 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0). Complete this question by entering...
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An adult dose of niacin is initially 250 mg/day. This is increased every week for 11 weeks until a maintenance dose of 3000 mg/day is reached. What is the increase in dosage per week?
An adult dose of niacin is initially 250 mg/day. This is increased every week for 11 weeks until a maintenance dose of 3000 mg/day is reached. What is the increase in dosage per week?