FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Carrington, Inc. recorded $97,000 in salary expense for January, 2019. Its beginning balance in salaries payable was $3,000 and its ending balance was $4,000.

image text in transcribed
2. Carrington, Inc. recorded $97,000 in salary expense for January, 2019. Its beginning balance in salaries payable was $3,000 and its ending balance was $4,000. How much was paid in cash for salaries during January, 2019? $96,000 $97,000 $98,000 $99,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Auditing And Quality Accounting Finance Sustainability Governance And Fraud Theory And Application

External Auditing And Quality Accounting Finance Sustainability Governance And Fraud Theory And Application

Authors: Iffet Kesimli

1st Edition

9811305250, 978-9811305252

More Books

Students also viewed these Accounting questions

Question

★★★★★
What are the key similarities and differences of charismatic and transformational leadership? What do you think are the impacts on followers of each?

Answered: 1 week ago

Question

★★★★★
20 Not yet answered Marked out of 4.00 Flag question Mr. Croll is a single and has taxable other income of $ 160000 which includes Long term capital gains of $ 25000 with a cumulative tax of $ 15108....

Answered: 1 week ago

Question

★★★★★
2. Give one example of each: A common resource dilemma and a public goods dilemma.

Answered: 1 week ago

Question

★★★★★
Needham Corporation has a $200,000 balloon mortgage payment due in early August. To meet its obligation, it decided on August 1 to accelerate collection of accounts receivable by assigning $260,000...

Answered: 1 week ago

Question

★★★★★
Stage 2 ABC for Manufacturing: Reassigning Costs to Cost Objectives Regal Products has developed the following activity cost information for its manufacturing activities: Activity Machine setup...

Answered: 1 week ago

Question

★★★★★
What can be done to try to achieve a high level of treatment integrity? Select one: a. All of these answer options are correct b. Simplify, standardize, and/or automate delivery of the independent...

Answered: 1 week ago

Question

★★★★★
Q1: What are the main financial statements, and what information do they provide? Q2: Why is the cash flow statement important, and how does it differ from the income statement?

Answered: 1 week ago

Question

★★★★★
Q1: What are Generally Accepted Accounting Principles (GAAP)? Q2: What is the difference between GAAP and International Financial Reporting Standards (IFRS)?

Answered: 1 week ago

Question

★★★★★
Q1: What is cost accounting, and why is it important for businesses? Q2: Explain the difference between fixed costs and variable costs with examples.

Answered: 1 week ago

Question

★★★★★
Q1: What is deferred tax, and how is it accounted for? Q2: Explain the difference between tax avoidance and tax evasion.

Answered: 1 week ago

Question

★★★★★
Q1: What is the purpose of an audit, and what are the types of audits? Q2: What are internal controls, and why are they important in the auditing process?

Answered: 1 week ago

Question

★★★★★
9. Are your presentation aids solid, and do they back up your main points (without overwhelming your speech)?

Answered: 1 week ago

Question

★★★★★
7. Have you defined your terms clearly and related unfamiliar terms to familiar ideas?

Answered: 1 week ago

Question

★★★★★
3. Locate a persuasive speech that you found particularly compelling. Print it out and edit it, removing any and all of the material that you feel is persuasive in nature (for example, the speakers...

Answered: 1 week ago

Previous Question Next Question