Question
Andrea has semi-monthly vacationable earnings of $2,050 and her vacation pay rate is 6%. What amount will be accrued to vacation pay payable for the
Andrea has semi-monthly vacationable earnings of $2,050 and her vacation pay rate is 6%. What amount will be accrued to vacation pay payable for the month of October?
A debit of $123 | |
A credit of $123 | |
A debit of $246 | |
A credit of $246 |
Starbuzz Equipment operates from Monday to Friday and pays its employees on a weekly basis. On January 26, employees are paid for the week ending January 26, while on February 2 they are paid for the week ending February 2. Starbuzz's salary and wages expense for the week ending January 26 was $56,450. The accounting month-end for January is January 31. How much will Starbuzz Equipment accrue for salaries and wages for the last week of January in the January accounting period to accurately reflect these costs for the month?
$33,870 | |
$33,880 | |
$33,890 | |
$33,900 |
Which of the following is a component of a journal entry?
A brief explanation of the transaction | |
A journal entry reference or number | |
The debit and credit amounts to be applied to each account | |
All the above |
Which of these isnota General Ledger account?
Liability | |
Revenue | |
Balance sheet | |
Owner's equity |
When a cheque becomes stale-dated, the net pay amount is _________ to the payroll bank account and _________ to the salaries and wages payable account.
Debited, debited | |
Credited, credited | |
Credited, debited | |
Debited, credited |
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