Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $8,000 cash payment on Friday, January 2.

Q: SQU Company paid the weekly payroll on January 2 by debiting Wages Expense for $27,000. The…

A: Journal: Journal is the method of recording monetary business transactions in chronological order.…

Q: On December 31, 20--, Sanchez Company needed to record its accrued wages for year-end. If December…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: On January 15, the end of the first pay period of the year, North Company’s employees earned $28,000…

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Q: Swifty Company has the following data for the weekly payroll ending January 31.     Hours…

A: Gross pay is the measure of cash of the worker get before the tax and allowances . Net pay is the…

Q: Merger Co. has 10 employees, each of whom earns $2,100 per month and has been employed since January…

A: Social security  tax = 2100×10×6.2% =1302

Q: A company pays its employees $3,700 each Friday, which amounts to $740 per day for the five-day…

A: Salaries earned but unpaid = Number of working days worked * Rate per day Rate / amount per day = $…

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.

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A: Pay the Payroll for the Pay Period Ending December 26, for each employee.     Note: federal Income…

Q: Employees at Majan Company pays salaries of $30,000 every other Friday for working Monday through…

A: The amount of expenses is the amount accrued in that period and it is different from the amount…

Q: Reviewing payroll records indicates that one-fifth of employee salaries that are due to be paid on…

A: Journal: Recording of a business transactions in a chronological order.

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: Mason Painting Services has a weekly payroll of $25,000. December 31 falls on Wednesday and Mason…

A: Payroll represents the wages paid to the employees of the company. It is posted as salaries expense.

Q: The payment of the P19,000 insurance premium for two years in advance was originally recorded as…

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

Q: Skiles Company's weekly payroll amounts to $10,000 and payday is every Friday. Employees work five…

A: JOURNAL ENTRY ON 31 AUGUST , 2022 :   DATE PARTICULARS  DEBIT ($) CREDIT ($) 31/08/2022 WAGES /…

Q: Cedarville Company pays its office employee payroll weekly. Below is a partial list of employees and…

A: Pass necessary journal entries.

Q: At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a…

A: Calculate the annual salary of Employees LR, RB, & GL.

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: 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: A manufacturing company's payroll register shows the following inofrmation for December: Salary…

A: Journal entries are prepared to record the day-to-day transactions of the business that are of…

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: S Corp. follows a 5-day (Monday-Friday) work-week. It pays its salaried employees on a bi-weekly…

A: The accrued salaries are the salaries that are earned during the period but not paid yet. These are…

Q: The following information relates to Fanning’s Electronics on December 31, 2011. The company, which…

A: Adjusting entries (often described as end-of-year adjustments) constitute journal entries produced…

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: Company's weekly payroll, pai for a total of $5,412 for a Fiv at is the credit side amount of the ed…

A: Adjusting entries are entries that are passed at the end of the period to accurately reflect income,…

Q: Merger Co. has 10 employees, each of whom earns $2,000 per month and has been employed since January…

A: Total Earning for employees per month = Earning per employee x Total no. of employees =$2,000 per…

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: On January 15, the end of the first pay period of the year, North Company's employees earned $28,000…

A: Formula: FICA Social Securities Taxes = Sales Salaries expense x FICA Social Securities Taxes rate…

Q: Dressler Company's weekly payroll paid on Fridays totals $8,000. Employees work a 5 day week.…

A: Journal: Recording of a business transactions in a chronological order.

Q: On July 31, the payroll register for Red Company showed the following totals for the month: gross…

A: Gross earnings=Sales salaries+Office salaries=$30,500+$8,450=$38,950

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

A:

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: On January 25, Choo Choco Factory hired an employee who works five days a week from Monday to Friday…

A: Answer: Option b

Q: Employees at Tamarisk, Inc. are paid $15600 cash every Friday for working Monday through Friday. The…

A: Amount paid on friday (5 days) = $15600 Per day amount  $15600/5 =$3120

Q: On January 15, the end of the first pay period of the year, North Company’s employees earned $35,000…

A:

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: On July 31, the payroll register for Red Company showed the following totals for the month: gross…

A: Working Note: Sales Salaries Expense = Gross earnings - Office Salaries Expense = $38,950 - $8,450 =…

Q: A company has three employees, each of whom has been employed since January 1, earns $2,850 per…

A: Part 1:

Q: Metlock, Inc. employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to…

A: In the given question it is assumed that salary is paid weekly to the employees At the end of 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: Dressler Company's weekly payroll paid on Fridays totals $8,000. Employees work a 5 day week.…

A: Accrued Expenses: An accrued expense is an accounting term that refers to an expense that is…

Q: Mason Painting Services has a weekly payroll of $30,000. December 31 falls on Wednesday and Mason…

A: Types of Accounts: Assets accounts Liabilities accounts Capital account Revenue accounts Expenses…

Q: Majan Company paid employee wages on Friday, March 25, and the next payroll will be paid in April.…

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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…

Q: Green’s employees Are paid in cash each Friday for the weeks work and the payment for the payroll in…

A: The adjusting entries are made at the end of the year to accrue or defer the expenses and income of…

Q: Merger Company has 10 employees, each of whom earns $1,550 per month and has been employed since…

A: A journal entry has been used to record a commercial transaction in the accounting records of a…