Date Account Titles and Explanation Debit Credit Jan. 31

Q: Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: An employee is paid every two weeks. She worked the last week of December and the first week of…

A: The cash basis of accounting recognizes revenues when cash is received and recognizes expenses when…

Q: Bramble Candies paid employee wages on and through Friday, January 26, and the next payroll will be…

A: Adjusting entries are those entries which are passed at the end of the period in order to accurately…

Q: Oak Park Senior Center has a weekly payroll of $20,000. December 31 falls on Monday, and Oak Park…

A: Salaries means the amount paid to employee for the services rendered.

Q: The employees of Xitrex, Inc., are paid each Friday. The company’s fiscal year-end is June 30, which…

A: Required journal entries:

Q: A. Business receives $3,200 on Jan 1 for 10-month service contract for the period Jan 1 through Oct…

A: Adjusting journal entry is made at the end of the fiscal period to reflect the adjustment that has…

Q: Zoey Bella Company has a payroll of $7,820 for a five-day workweek. Its employees are paid each…

A: Salaries expense for 5 days = $7,820 Hence, Salaries expense for 4 days period = $7,820 x 4/5 =…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: The accrued wages are the wages that are due to be paid but not paid during the period.

Q: Jan 15. Paid the semi-monthly payroll, which totaled $8,000, to the firm's workers, all of which are…

A: Payroll:Payroll is the list of employees of the company that are entitled to receive pay and the…

Q: Zoey Bella Company has a payroll of $6,540 for a five-day workweek. Its employees are paid each…

A: Adjusting entries are prepared at the end of the accounting period in order to ensure the accrual…

Q: Accountants Plus has a 5 day work week (Monday through Friday) and pays its employees every other…

A: Salary means the award an employee gets from employer for working in its business enterprises. Any…

Q: Fare Industries pays salaries and wages every two weeks. Salaries and wages amount to $180 a day and…

A: Accrued salaries and wages expense = Salary and wages expense per day x 7 days = $180 x 7 days =…

Q: Hickory Park Senior Center has a weekly payroll of $5,000. December 31 falls on Thursday, and…

A: An adjusting entry is an entry made at the close of an accounting cycle in a business's accounting…

Q: McFriend Inc. records its liabilities for employees’ vacations at the end of each month. For the…

A: Annual liability=Number of employees×Per Day×15 Days=46×$144×15=$99,360

Q: X Company pays its employees twice a month, on the 15th and the 28th. On April 15, it paid employee…

A: SOLUTION- Salary payable can be attributed to the type of payroll journal entry that shall be used…

Q: Zuhoor Muscat Company pays a total of RO 21,000 salaries to its employees on the 25th of each month…

A: According to the accrual concept, expenses are incomes that are incurred have to be recorded in the…

Q: Websavvy has a 5-day work week and pays weekly wages in the amount of $1,750. If December 31 falls…

A: Web-savvy has the 5 working days of the week and it pays weekly $ 1750 and the current accounting…

Q: Pablo Management has eight employees, each of whom earns $165 per day. They are paid on Fridays for…

A: Accrued wages is the amount of wages that have been accrued at the reporting date but has not been…

Q: A business provides its employees with varying amounts of vacation per year, dependingon the length…

A: Answer A) Date Particulars Debit Credit Dec 31 Vacation expenses A/c ($42,000/12) 3,500…

Q: Pablo Management has nine employees, each of whom earns $150 per day. They are paid on Fridays for…

A: On accrual basis we have pass an entry for wage expense for the work done on 31st December for 9…

Q: Zoey Bella Company has a payroll of $5,080 for a five-day workweek. Its employees are paid each…

A: Adjusting entries are those entries which are passed at the end of the period in order to accurately…

Q: Mosul Company's weekly paid to its employees on -1 Fridays, totals $12,000 after finishing work.…

A: The adjustment entries are prepared at the end of the year to adjust the revenue and expenses of the…

Q: A company pays an employee $3,000 for a five-day work week, Monday–Friday. The adjusting entry on…

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year,…

Q: On October 5", Muscat Company hires four new employees to begin work on October 15. Each employee is…

A: The entries that are chronicled in the books so as to record the transactions on daily basis are…

Q: On October 5, Muscat Company hires four new employees to begin work on October 15. Each employee is…

A: Journal entry: Journal is a book of prime entry or a book of original entry in which transactions…

Q: Salaries are paid on Saturdays. The weekly payroll is P25,200. Assume that Sept. 30 falls on a…

A: Calculation of Salaries Payable    Weekly salaries = 25,200  Days in a week = 6 days Salaries are…

Q: Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for…

A:

Q: What is the journal entry for this transaction? June 15- Paid assistant's salary for half month,…

A: Any company with workers has to pay a salary, which is an indirect cost. It is compensated as…

Q: Garn Corp. has six employees. Each earns $500 per week for a five day work week payable every…

A:

Q: a Inc. reported income of $440,000 for the year ended June 30, 20X8. However, the records show that…

A: The practice of recording commercial transactions for the first time in the books of accounts is…

Q: A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that…

A: Adjusting entry on december 31: Date Account Titles Debit Credit December 31 Salary Expense…

Q: Employees at Sheffield Corp. are paid $15900 cash every Friday for working Monday through Friday.…

A: As per the accrual concept of Accounting, 3 days salaries expense i.e. must get recorded on Dec 31…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…

Q: A business pays biweekly salaries of $20,000 every other Friday for a ten-day period ending on that…

A: Salary per day = $20,000 / 10 days = $2,000 per day Accrued salary expense on December 31 = $2,000…

Q: Pablo Management has six employees, each of whom earns $150 per day. They are paid on Fridays for…

A: To keep track of financial transactions, journal entries are used. You enter transaction details…

Q: a.On April 1, the company retained an attorney for a flat monthly fee of $1,000. Payment for April…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Pablo Management has two employees, each of whom earns $230 per day. They are paid on Fridays for…

A: Adjusting journal entry: At year end when company finalise its accounts then any unrecognized income…

Q: At the end of April, Hernandez Company had a balance of $35,070 in the vacation benefits payable…

A: Calculate unused vacation benefits: Unused vacation benefits = Vacation benefits payable end of…

Q: David Industries has seven employees. Each employee earns three vacation days a month. David pays…

A: 1)Per day wage : 1000/5 =200 Vacation expense for month : 7 employees *3 days *200 = 4200

Q: Required 1. Complete the six-column table by entering adjustments that reflect the following…

A: Wages are the amount which the workers get after doing the work. Generally these are paid per day or…

Q: Employees of the Deco House were paid on Friday, December 27 for the five days ending on December…

A: Weekly payroll includes five days pay , therefore one day pay = $3,8005 days = $760 per day

Q: Sheffield Limited has the following information available for accruals for the year ended December…

A: A journal entry is the process of recording or maintaining track of any financial or non-financial…