The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $22,000. The current pay period ends on Friday, July 3. Neat Clothes is now preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry to record accrued salaries at the end of June?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $22,000. The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Grouper Company exchanged equipment used in its manufacturing operations plus $4,080 in cash for similar equipment used in the operations of Monty Company. The following information pertains to the exchange. Grouper Co. Monty Co.
Answers (1)
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000.
Answers (1)
On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The machine was depreciated by the double-declining-balance (DDB) method for both financial statement and income tax reporting.
Answers (1)
If the maximum operating capacity of the Gobblecakes bakery is 12,000 cupcakes annu - ally, determine the break-even volume as a percentage of that capacity. Gobblecakes is a bakery that specializes in cupcakes.
Answers (1)
Sunland Company has old inventory on hand that cost $20250. Its scrap value is $27000. The inventory could be sold for $67500 if manufactured further at an additional cost of $20250.
Answers (1)
New Questions in Business
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)
Torres travel's stockholders' equity at the beginning of march 2014 was $200,000. during the month, the company earned net income of $50,000 and paid dividends of $10,000. at the end of march 2014, what is the amount of stockholders' equity?
Answers (1)
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm: A. changes prices to meet the demand. B. changes production levels to meet the demand. C. changes prices and production levels to meet demand. D.
Answers (1)
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)