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

Question

1 Approved Answer

5. Debenhams Ltd pays salaries to it's employees worth $7,000, every 15 calendar days. The last salary was paid on November 20, next salary payment

5. Debenhams Ltd pays salaries to it's employees worth $7,000, every 15 calendar days. The last salary was paid on November 20, next salary payment will be made on December 5. Required: a. Write the adjusting journal entry that should be recorded on November 30. (2 Marks) b. Write the journal entry that should be recored on December 5, when the salary is paid to the employees. (2 Marks)image text in transcribed

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

Step: 3

blur-text-image

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

Financial Accounting

Financial Accounting

Authors: Jeffrey Waybright, Robert Kemp

1st Edition

013606048X, 9780136060482

More Books

Students also viewed these Accounting questions

Question

★★★★★
Restaurant Marketing Services, Inc. offers affinity card marketing and monitoring systems to fine dining establishments nationwide. Fixed costs are $600,000 per year. Sponsoring restaurants are paid...

Answered: 1 week ago

Question

★★★★★
Create messages that spotlight audience benefits and cultivate a you view.

Answered: 1 week ago

Question

★★★★★
As reviewed in the current chapter, considerable research attention has been given to whether satisfied workers perform better at their jobs than dissatisfied workers (see Judge et al. 2001). This...

Answered: 1 week ago

Question

★★★★★
Write the audit approach section like the cases in the chapter. Hide the Loss under the Goodwill Gulwest Industries, a public company, decided to discontinue its unprofitable line of business of...

Answered: 1 week ago

Question

★★★★★
4.5 Design a combinational circuit with three inputs, r,y,and z, and three outputs, A, B,and C When the binary input is 0,1,2,or 3, the binary output is one greater than the input. When the binary...

Answered: 1 week ago

Question

★★★★★
S corporations are often used as the entity type for many small businesses. However, there are certain requirements that must be met to be an S corporation. This discussion explores one of these...

Answered: 1 week ago

Question

★★★★★
Explaim how have changes in technology contributed to the globalization of markets and production?

Answered: 1 week ago

Question

★★★★★
The photograph below shows the interference of two water waves produced by two coherent sources operating at the same frequency and in phase. The waves travel outward at a constant speed from the two...

Answered: 1 week ago

Question

★★★★★
The majority of information needed to answer these can be found through our website. However, in cases where it isn't, please use your imagination and creativity to come up with a personally tailored...

Answered: 1 week ago

Question

★★★★★
Mary Kate is an intern with a minor league baseball team. She says, I report to two managers: the director of marketing and the director of community relations. From time to time, the director of...

Answered: 1 week ago

Question

★★★★★
How can healthcare practitioners actively incorporate the principle of treating individuals like human beings into their daily interactions with patients from diverse backgrounds? Share examples of...

Answered: 1 week ago

Question

★★★★★
Megan is a single taxpayer. Her salary is $45,000. Megan realized a short-term capital loss of $6,500. Her itemized deductions total $1,500. (The tax year is 2023.) View the standard deduction...

Answered: 1 week ago

Question

★★★★★
4. Think of a situation where you would convince someone of an argument or an idea you had. a. What feelings did you want the other person to be left with when you finished? b. When you think about...

Answered: 1 week ago

Question

★★★★★
7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Question

★★★★★
6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Answered: 1 week ago

Previous Question Next Question