how to transaction paid salaries for the play period ended may 31 ，43100
how to transaction paid salaries for the play period ended may 31 ，43100
Homework Answers
The entry would be
| Salaries/Wages payable | 43100 | |
| Cash | 43100 | |
Comment if you face any issues
Add Answer to:
how to transaction paid salaries for the play period ended may
31 ，43100
Journal entry for the following transaction: Paid salaries $21,900 in cash, including salaries of $1,500 accrued...
Journal entry for the following transaction: Paid salaries $21,900 in cash, including salaries of $1,500 accrued from December 16 through December 31, 2019, and $20,400 for up to December 15, 2019.
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable. b.debiting Salaries Expense and crediting Cash. c.debiting Cash and crediting Salaries Expense. d.debiting Salaries Expense and crediting Capital.
Purchase date May 1, 2021 (c) If $2,500 of salaries was paid in January, what was...
Purchase date May 1, 2021 (c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 $ (d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2021? Balance in Unearned Service Revenue at December 31, 2021 $
Question 48 2 pts Record the following transaction: Paid $20,000 for employee salaries. Debit Credit [Select...
Question 48 2 pts Record the following transaction: Paid $20,000 for employee salaries. Debit Credit [Select ] [ Select ] 4 [Select ] [Select ] Question 48 2 pts Record the following transaction: Paid $20,000 for employee salaries. Debit Credit [Select ] ✓ [Select ] Salaries Receivable Salaries Payable Salaries Expense Salaries [Select] A Question 49 2 pts
Information for transactions that occurred in June are as follow: june 1 Paid salaries for the...
Information for transactions that occurred in June are as follow: june 1 Paid salaries for the pay period ended May 31. 43100 1 Purchased an annual insurance liability policy for $24,000. 4 Purchased the adjacent vacant lot for the future home of a new warehouse. The sale price was $40,000, closing costs were $2,000 and the cost to clean-up the litter and remove brush was $5,000. Paid $10,000 cash and signed a note that is payable for the balance that is payable...
Marvin's Hair Studio incurred and paid expenses in May that totaled $7.500. How does this transaction...
Marvin's Hair Studio incurred and paid expenses in May that totaled $7.500. How does this transaction affect Marvin's accounting equation in May? Multiple Choice Increase assets and decrease liabilities by $7,500 Decrease both assets and equity by $7,500 Increase both assets and equity by $7,500 Decrease assets and increase liabilities by $7500
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash...
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $77,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $53,000 and budgeted credit sales are $493,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance collected in the month following sale....
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $91,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $67,000 and budgeted credit sales are $507,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $97,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $73,000 and budgeted credit sales are $513,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Purchase date May 1, 2021 (c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2021? Balance in Salaries and Wages Payable at December 31, 2021 $ (d) If $1,800 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2021? Balance in Unearned Service Revenue at December 31, 2021 $
Question 48 2 pts Record the following transaction: Paid $20,000 for employee salaries. Debit Credit [Select ] [ Select ] 4 [Select ] [Select ] Question 48 2 pts Record the following transaction: Paid $20,000 for employee salaries. Debit Credit [Select ] ✓ [Select ] Salaries Receivable Salaries Payable Salaries Expense Salaries [Select] A Question 49 2 pts
Marvin's Hair Studio incurred and paid expenses in May that totaled $7.500. How does this transaction affect Marvin's accounting equation in May? Multiple Choice Increase assets and decrease liabilities by $7,500 Decrease both assets and equity by $7,500 Increase both assets and equity by $7,500 Decrease assets and increase liabilities by $7500
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $77,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $53,000 and budgeted credit sales are $493,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance collected in the month following sale....
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $91,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $67,000 and budgeted credit sales are $507,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago