Ocular Realty Co. pays weekly salaries of $11,750 on Friday for a five-day workweek ending on that
Question:
Ocular Realty Co. pays weekly salaries of $11,750 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends
(a) On Wednesday
(b) On Thursday.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (21 reviews)
a Salaries Expense 7050 Salaries Pa...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Accounting questions
-
Ocular Realty Co. pays weekly salaries of $16,600 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the...
-
Ash Realty Co. pays weekly salaries of $20,625 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the...
-
Colossal Realty Co. pays weekly salaries of $19,375 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that...
-
In Problems 1316, three matrices A, B, and C are given. Verify by computation of both sides the associative law A(BC) = (AB)C. 25 = [ 3 i] c = [_ [-] -3 1 A = [2 -1], B=
-
Calculate the freezing point of a 0.100 m aqueous solution of K2SO4, (a) Ignoring interionic attractions, and (b) Taking interionic into consideration by using the van't Hoff factor (Table 13.4)?
-
Find v(t) for t > 0 in the circuit of Fig. 8.81 . t = 0 1H ll 4.5 A 6u(t) A 5 10
-
What factors should be considered in assessing the expected holding period?
-
Xellnet provides e- commerce software for the pharmaceuticals industry. Xellnet is orga-nized into several divisions. A companywide planning committee sets general strategy and goals for the company...
-
Wind-Turbines, Inc., [WT] is authorized to issue 600,000 common shares. It issued subscriptions for 75,000 common shares at $27 per share on February 1, 2017. It required subscribers to pay 30% on...
-
The Booth Company's sales are forecasted to increase from $1,000 in 2004 to $2,000 in 2005. Here is the December 31, 2004, balance sheet: Booth's fixed assets were used to only 50 percent of capacity...
-
The adjusting entry for accrued fees was omitted at October 31, the end of the current year. Indicate which items will be in error, because of the omission, on (a) The income statement for the...
-
The wages payable and wages expense accounts at May 31, after adjusting entries have been posted at the end of the first month of operations, are shown in the following T accounts: Determine the...
-
Calculate the sequence Show the sequence using a cobweb diagram similar to Figure 7.4. Figure 7.4 {x}=0 where
-
Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $5,000 to help...
-
Please read the following carefully. For each question on the exam, you should assume that: 1. unless expressly stated to the contrary, all events occurred in ?the current taxable year;? 2. all...
-
The pulse rates of 152 randomly selected adult males vary from a low of 37 bpm to a high of 117 bpm. Find the minimum sample size required to estimate the mean pulse rate of adult males. Assume that...
-
Can I get clear explanation how to work these. Thanking you in advance. 1. A rod 12.0 cm long is uniformly charged and has a total charge of -23.0 uC. Determine the magnitude and direction of the...
-
Poll Results in the Media USA Today provided results from a survey of 1144 Americans who were asked if they approve of Brett Kavanaugh as the choice for Supreme Court justice. 51% of the respondents...
-
Using the data in SE 3, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the periodic inventory system. Effects of Inventory Costing Methods and...
-
ABC company leased new advanced computer equipment to STU Ltd on 1 January 2019.STULtd has to pay annual rental of $290,000 starting at 1 January 2019. It is a four years lease with ultimate rental...
-
Prediction in the serially correlated error component model. For the BLU predictor of \(y_{i, T+1}\) given in (5.25), show that when \(v_{i t}\) follows (a) the AR(1) process, the GLS predictor is...
-
A partial list of the costs for Wisconsin and Minnesota Railroad, a short hauler of freight, follows. Classify each cost as either indirect or direct. For purposes of classifying each cost, use the...
-
The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter...
-
The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc. Manufacturing Costs For the Quarter...
-
Berbice Inc. has a new project, and you were recruitment to perform their sensitivity analysis based on the estimates of done by their engineering department (there are no taxes): Pessimistic Most...
-
#3) Seven years ago, Crane Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is 4.0 percent...
-
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is A. 4% B. 14.4%...
Study smarter with the SolutionInn App