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

Question

1 Approved Answer

Gillette Tree Farm has a weekly payroll of $50,000. December 31, 2022, falls on a Thursday and Gillette will pay their employees the following Monday

  1. Gillette Tree Farm has a weekly payroll of $50,000. December 31, 2022, falls on a Thursday and Gillette will pay their employees the following Monday (January 4, 2023) for the previous full week. Assume that the company has a five-day work week and has an unadjusted balance in Salaries Expense of $845,000 on December 31st. Prepare the December 31, 2022, adjusting entry.

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

The Impact Of SOA On IT Auditing From Auditors Point Of View

The Impact Of SOA On IT Auditing From Auditors Point Of View

Authors: Farida Chotkan

1st Edition

ISBN: 3843363048, 978-3843363044

More Books

Students also viewed these Accounting questions

Question

★★★★★
A retailer returned 2700 defective items to the manufacturer and received a credit for the retail price of $0.83, or 83 13 per item less a discount of 38 of the retail price. What was the amount of...

Answered: 1 week ago

Question

★★★★★
=+4. Think of an example of a corporation that you feel has been hypocritical in terms of its ethical or CSR stance. What is your reaction to the companys actions? Would you consider boycotting the...

Answered: 1 week ago

Question

★★★★★
=+26.13. 1 Let x1, x2, ... be the points of positive u-measure. By the following prove that lim 27/ 10(1)12 dt = 2(H(xx). (26.31) T-+00 k Let X and Y be independent and have characteristic function q.

Answered: 1 week ago

Question

★★★★★
The Web sites for Lenovo (China; www.lenovo.com), Nokia (Finland; www.nokia.com ), and Banco do Brasil (Brazil; www.bb.com.br, click on English) contain substantial information about how these firms...

Answered: 1 week ago

Question

★★★★★
Which assertion would be relevant if an auditor was verifying that historical cost was used in connection with property, plant, and equipment in the balance sheet? A. Rights and obligations B....

Answered: 1 week ago

Question

★★★★★
Topic: Bank Reconciliations 1. Use the following information to prepare a bank reconciliation for Finch Company at August 31, 2016 (1) Cash account balance, August 31, $20,670.60 (2) Bank statement...

Answered: 1 week ago

Question

★★★★★
Lemon Laws" are meant to: Group of answer choices decrease consumer confidence in the purchasing of cars. make selling cars less profitable for dealers. increase consumer confidence in the purchasing...

Answered: 1 week ago

Question

★★★★★
Refer to the table below to answer the following question Table 1: Production Possibilities for Simon's simple factory Nuts (units per day) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Bolts (units...

Answered: 1 week ago

Question

★★★★★
Match the communication methods with their corresponding advantages in the table below: Table of communication methods and descriptions. Method A: Increases flexibility and reduces pressure. Method...

Answered: 1 week ago

Question

★★★★★
A. Patrimonio is a stockholder of ABC, Inc. which has 30,000 shares outstanding and 50,000 shares of authorized capital stock. There are eleven seats in the board of directors. 7. How many shares and...

Answered: 1 week ago

Question

★★★★★
28 S Sol-Motors is the only auto manufacturer in West Lidia, a country that prohibits the importation of cars. The graph below shows the demand and the costs for Sol-Motors. Costs and revenues (in...

Answered: 1 week ago

Question

★★★★★
(Appendices) What is a sales discount? How can sales discounts be recorded? LO9

Answered: 1 week ago

Question

★★★★★
(Appendices) During the 20072009 recession, debate in the U.S. Senate over an extension of unemployment benefits to workers who had exhausted their benefits was often heated and contentious. A...

Answered: 1 week ago

Question

★★★★★
(Appendices) Compare the Original Medicare Plan with Medicare Advantage Plans with respect to each of the following: LO5 a. Choice of plan coverage b. Benefits provided by the plan c. Need for a...

Answered: 1 week ago

Previous QuestionNext Question