Sanborn Company has 10 employees, who earn a total of $2,300 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sanborn Company has 10 employees, who earn a total of $2,300 in salaries each working day. They are paid on Monday for the five-day ...” 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
ULID 1. Which one of the following is a factor of production? A. Money. B. Government. C. Land. D. Checkable deposits. E. None of the above.
Answers (1)
Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State College. The business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000.
Answers (1)
During the current year, Harold Company sold inventory costing $350,000 for a selling price of $675,000. Beginning balances of inventory and accounts payable were $86,000 and $116,000, respectively.
Answers (1)
List four characteristics of the accumulated goods that make up economic wealth
Answers (1)
Which is NOT an option for a person with poor credit looking to sign up with a cellular carrier? a. Identifying a cosigner b. Offering a deposit c. Paying a monthly installment payment d. Signing up with a pre-paid service
Answers (1)
New Questions in Business
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Which profession is most likely to be concerned with the effect of supervisors management styles?
Answers (1)
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)