Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Employees at Tengo Corporation are paid $10,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31.

Employees at Tengo Corporation are paid $10,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2?Answer

		$10,000
		$6,000
		$4,000
		None, matching requires the weekly salary to be accrued on December 31.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Night Audit Shenanigans With Winston No Longer Working At The Hotel Luna Is Dealing Without Days Off

Authors: Kentucky Elayne NightHawk

1st Edition

B0BYLVMSV7, 979-8361945702

More Books

Students also viewed these Accounting questions

Question

★★★★★

Refer to Exercise 11.S.12. Assuming all possible comparisons of group means will be computed, use the Bonferroni method to construct a 95% confidence interval for the effect of probucol in the...

Answered: 1 week ago

Question

★★★★★

Modify BinarySearch (Program 4.2.3) so that if the search key is in the array, it returns the smallest index $i$ for which $a[i]$ is equal to key, and otherwise returns $-i$, where $i$ is the...

Answered: 1 week ago

Question

★★★★★

10.63 MCAT Scores The MCAT consists of four sections: Physical Science (PS), Verbal Reasoning (VR), Biological Sciences (BS), and Writing (WS). The student receives a separate score for each section....

Answered: 1 week ago

Question

★★★★★

The Filling Department of Savannah Lotion Company had 3,000 ounces in beginning work in process inventory (60% complete). During the period, 40,400 ounces were completed. The ending work in process...

Answered: 1 week ago

Question

★★★★★

Help nmentMain.do?invoker &takeAssignmentessionLocator-assignment-take&inprogress-fi). Profitability Ratios The following selected data were taken from the finandal statements of Vidahill Inc. for...

Answered: 1 week ago

Question

★★★★★

JetCo is a manufacturer of high speed aircraft. The company generates $100 million in operating profit on $600 million of revenue and $800 million of invested capital. JetCos primary competitor Gulf...

Answered: 1 week ago

Question

★★★★★

Operations Management and Supply Chain Management have been discussed in the media, in politics, and of course in business. Please research and report on one current (2020 and after) news item in the...

Answered: 1 week ago

Question

★★★★★

It is the first time he has climbed on-board an international vessel with Mr. Dela Cruz. He summed up all his expenses in training, medical examination, and other short-term courses to be part of the...

Answered: 1 week ago

Question

★★★★★

ANN LYMAN'S PROPOSAL Ann Lyman was recently hired by the Challenge Products Corp (CPC) as a senior marketing executive for the electronic houseware division. Her previous experience at Pearces, a...

Answered: 1 week ago

Question

★★★★★

Everything is about Apple. Identify and describe your organization's main approach for staffing the organization. Identify the CEO and develop a biography of the CEO discussing tenure in the...

Answered: 1 week ago

Question

★★★★★

provide cost estimate of the healthcare information system as received from vendor interactions. A breakdown of the costs (as much as possible) is provided. Estimate is in alignment with the...

Answered: 1 week ago

Question

★★★★★

4. Write a short report in which you assess the impact of one piece of health and safety legislation in an organisation of your choice. (Sources of guidance for report writing are given on page 476.)

Answered: 1 week ago

Question

★★★★★

understand the context within which international business takes place

Answered: 1 week ago

Question

★★★★★

1. Interview people (friends, family or work colleagues from a range of organisations) about their own responsibilities in relation to health and safety and then about their perceptions of other...

Answered: 1 week ago

Previous Question Next Question