during january mary dolan, a subcontractor, prodived pet care services to julie's honey for three fridays in janaury, totaling 24 hours at $10 per hour. ck overlooked recording this subcontractor expense since mary had not been paid for these services yet. so at january 31, an adjusting entry is needed to record subcontractor expense that will be paid later. in the future, ck is hoping that the qbo time tracking will assist in avoiding these types of oversights going forward. What is the journal entry needed?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 3A
icon
Related questions
Question

during january mary dolan, a subcontractor, prodived pet care services to julie's honey for three fridays in janaury, totaling 24 hours at $10 per hour. ck overlooked recording this subcontractor expense since mary had not been paid for these services yet. so at january 31, an adjusting entry is needed to record subcontractor expense that will be paid later. in the future, ck is hoping that the qbo time tracking will assist in avoiding these types of oversights going forward. What is the journal entry needed?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Interim financial reporting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub