When preparing government-wide financial statements at the end of the fiscal year, Meen County recorded an adjusting entry for salaries of $8,500,000. The salaries for 1 week, $13,700,000, were paid on the first Friday of the new fiscal period. The entry to record payment of salaries for the week is
A. Salary expenditure $8,500,000
Salary payable 5,200,000
Cash $13,700,000
B. Salary expense $5,200,000
Salary payable 8,500,000
Cash $13,700,000
C. Salary expenditure $8,500,000
Salary payable $8,500,000
D. Salary expense $13,700,000
Cash $13,700,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When preparing government-wide financial statements at the end of the fiscal year, Meen County recorded an adjusting entry for salaries of ...” 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
What responsibility do we have to ourselves and others in the workplace to ensure that our attitude and values have a positive and empowering effect in our personal and professional lives?
Answers (1)
Assuming the discount rate is 10% and that all wages are paid at the end of the year, what is the difference in present value between your wages going to school and not going to school? if all you care about are these wages should you go to school?
Answers (1)
What is the time frame for reporting an accident to the michigan department of natural resources if property damage exceeds $2,000?
Answers (1)
Oakley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.
Answers (1)
Tawstir corporation has 800 obsolete personal computers that are carried in inventory at a total cost of $1,100,000. if these computers are upgraded at a total cost of $40,000, they can be sold for a total of $750,000.
Answers (1)
New Questions in Business
Sumaira is scared that she will not find a job in the current economy. she decides to be a business major and attend one of the top business schools in the country. upon graduation, she is hired by a major investment banking firm in new york.
Answers (1)
Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact he would enjoy the flavor of the tiramisu the same amount every time, Josh only buys it when he would be the only one having dessert.
Answers (1)
A 1,500,000 SF plant employs 300 people and produces 177,000 LCD panel per month. The plant is idle, on average, 2 months each year for maintenance, repairs, and retooling.
Answers (1)
This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state.
Answers (2)
Each campaign in your adwords account should have a single:
Answers (1)