Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

Rising Stars Gymnastics pays its hourly employees every Saturday. The weekly payroll for hourly employees is $5,000, and the employees hours are spread evenly from

Rising Stars Gymnastics pays its hourly employees every Saturday. The weekly payroll for hourly employees is $5,000, and the employees hours are spread evenly from Monday through Saturday. During the current year December 31 falls on a Wednesday. Required: Given this information, determine the adjusting journal entry that Rising Stars must make on December 31.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

10th edition

1260481956, 1260310175, 978-1260481952

Students also viewed these Accounting questions

Question

distinguish job control from control beliefs and describe possible consequences of a mismatch between the two;

Answered: 1 week ago

Question

★★★★★

Compare the decision-making process used by Union Carbide to deal with its disaster with that of Ford Motor Co. in the Pinto case and Johnson & Johnson in the Tylenol incident as described in this...

Answered: 1 week ago

Question

★★★★★

provide code in C++, please also add comments to the code Solving the problem with the pointer*. Do not use the sorting and array symbol [] Fill array A with 10 distinct integers from 0 to 99 . Fill...

Answered: 1 week ago

Question

★★★★★

DeMarcus Engineering Inc. manufactures microchips for general purpose use. These microchips are used in many appliances. Despite having many competitors, DeMarcus's microchips are considered one of...

Answered: 1 week ago

Question

★★★★★

4. A round A36 steel test specimen has a diameter of do of 22mm and a gauge length of Lo 175mm. Take Oy = 250 MPa. (20 pts) a] If a force of 70 kN elongates the length by 1mm, what is the engineering...

Answered: 1 week ago

Question

★★★★★

which of the following describe items that systems engineers should consider regarding contracting? Select three that apply. They should focus exclusively on contract pricing since past performance...

Answered: 1 week ago

Question

★★★★★

1: Conflicts can arise between shareholders and bondholders. Outline and evaluate the causes of conflict that might arise and suggest possible solutions. Question 2: Some analysts believe that...

Answered: 1 week ago

Question

★★★★★

Ms. Marcy Van Horne's salary for 2021 is $126,000. Other Information: 1. Ms. Van Horne received a performance bonus of $25,000, one-half of which was paid in 2021, with the remaining one-half not due...

Answered: 1 week ago

Question

★★★★★

1.1 Cascade Peaks Construction: Bathroom Given the information in the scenario: i. Identify the non-conforming construction method ii. Briefly explain why the drawings do not conform to NCC's...

Answered: 1 week ago

Previous Question Next Question