Employees of Ralphs Llama Farm work Monday through Friday and are paid every Friday for work done
Question:
Employees of Ralph’s Llama Farm work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $13,900, and the last payday was Friday, December 28. What is the required adjusting journal entry, if any, on Monday, December 31?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Since the last payday was on Friday December 28 and employees are ...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
Employees of Guelph Toyota work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $13,900 and the last payday was Friday, December 28. What is the required...
-
The following information pertains to the operations of Wilkes Investigating, a private detective agency, for December 2009. Wilkess employees earn $420 of salary collectively each day. The...
-
For each of the following independent cases, apply the matching concept to determine how much of the cost should be recognized as expense in each of the months of September, October, and November: 1....
-
March 31, 2014, adjusted trial balance for Brenner Climbing Adventures has been alphabetized as follows: Required Journalize the closing entries. No. Account Debit Credit $ 2,600 168 Accumulated...
-
List the basic questions related to corporate financing.
-
The great black abolitionist Frederick Douglass (18171895) opposed the Exodus to Kansas of 1879, maintaining that Southern freed people should remain in the South and fight for their rights as...
-
1 What workflow systems do you think will be appropriate for the company line, cell, functional or concentric?
-
The unadjusted trial balance for First Class Maids Company, a cleaning service, is as follows: During the 12 months ended December 31, 2016, First Class Maids: a. Used office supplies of $1,900. b....
-
Based on full research of ESG and the recent ESG movement, reflect on/share your own personal thoughts of ESG, and its continual impact on the future of Business.
-
It is required to generate a sound signal that could be used in testing an audio amplifier. The total duration of the file should be 42 seconds. The sound signal must consist of 14 segments. each...
-
The manager of Qwik-Pick-Up, a convenience store, presents the companys balance sheet to a banker to obtain a loan. The balance sheet reports that the companys property, plant, and equipment have a...
-
Suppose Resort Travel borrowed $60,000 on March 1 by signing a note payable to Royal Bank. Resort Travels interest expense on the note payable for the remainder of its fiscal year (March through May)...
-
Using data from a newspaper or magazine article, create the following types of graphs: line graph, pie chart, bar chart.
-
What is brand awareness for Jam & Daisies ? their leaning advantage, consideration advantage, choice advantages? 5. what is the recommendation of brand awareness? 6. What is Brand recognition? 7....
-
On August 1st, Custom Car Co's work in process inventory was $24900; its raw materials inventory was $6000; manufacturing overhead had a $1800 debit balance. Work in Process Subsidiary Data 8/1:...
-
Case: Castoro & Partners, CPAs is auditing Cloud 9 for the FY2023. Cloud 9 is a small public company and has been an audit client of Castoro & Partners since 2018. Materiality Methodology: Overall...
-
1)Solve the following differential equations by Undetermined Coefficient Method. dy dx dy - 4- 4+ 4y = 16x2e2x dx
-
Every year Monty Industries manufactures 8,600 units of part 231 for use in its production cycle. The per unit costs of part 231 are as follows: Direct materials Direct labor Variable manufacturing...
-
The Industrial Revolution may have been concentrated in the Northern Hemisphere because coal is located there. What is the relationship between coal and the Industrial Revolution?
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
The following transactions occurred during the month for Teresa Parker, CPA: Jun. 1 Parker opened an accounting firm by contributing $13,200 cash and office furniture with a fair market value of...
-
The following trial balance of Joy McDowell Tutoring Service as of May 31, 2018, does not balance. Investigation of the accounting records reveals that the bookkeeper: a. Recorded a $400 cash revenue...
-
Vince York practices medicine under the business title Vince York, M.D. During July, the medical practice completed the following transactions: Jul. 1 York contributed $63,000 cash to the business in...
-
ACC 2 0 2 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for...
-
Explain the following: Understand the PPE acquisition (or investing) cycle and related significant transactions and source documents Understand the relevant assertions/objectives about PPE balances...
-
Problem 3 Progress Company acquired 6 0 % of Stall Corporation on 1 2 0 2 0 . Fair values of Stall's assets and liabilities approximated book values on that date. Progress uses the initial value...
Study smarter with the SolutionInn App