Question
Question 1 A company pays its employees $6,300 every two weeks ($450/day). The current two-week pay period ends on December 26, 2024, and employees are
Question 1
A company pays its employees $6,300 every two weeks ($450/day). The current two-week pay period ends on December 26, 2024, and employees are paid $6,300. The next two-week pay period ends on January 9, 2025, and employees will be paid $6,300. Record the adjusting entry on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the adjusting entry on December 31, 2024.
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Question 2
A company lends $42,000 with 9% interest on May 1, 2024. This amount plus interest is due on April 30, 2025. Record the adjusting entry on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)
Record the adjusting entry on December 31, 2024.
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Thermodynamics for Engineers
Authors: Kenneth A. Kroos, Merle C. Potter
1st edition
1133112862, 978-113311286
