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

Question

1 Approved Answer

Sales salaries paid during 2022 were 70,000. Advances to sales associates were 1,100 on January 1, 2022, and 800 on December 31, 2022. Sales salaries

Sales salaries paid during 2022 were 70,000. Advances to sales associates were 1,100 on January 1, 2022, and 800 on December 31, 2022. Sales salaries accrued were 1,360 on January 1, 2022 and 1,380 on December 31, 2022. Show the computation of sales salaries on an accrual basis for 2022.

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 Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency

The Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency

Authors: Felix Pomeranz

1st Edition

1556233914, 978-1556233913

More Books

Students also viewed these Accounting questions

Question

★★★★★
Arrow Manufacturing Co. expects to make 50,000 chairs during the 2017 accounting period. The company made 3,000 chairs in January. Materials and labor costs for January were $36,000 and $48,000,...

Answered: 1 week ago

Question

★★★★★
Explain the difference between abstract and concrete language use. How does this lead to the intergroup linguistic bias?

Answered: 1 week ago

Question

★★★★★
On December 1, Curt Walton began an auto repair shop, Waltons Quality Automotive. The following transactions occurred during December: Dec. 1 Walton contributed $55,000 cash to the business in...

Answered: 1 week ago

Question

★★★★★
Sales salaries paid during 2022 were 70,000. Advances to sales associates were 1,100 on January 1, 2022, and 800 on December 31, 2022. Sales salaries accrued were 1,360 on January 1, 2022 and 1,380...

Answered: 1 week ago

Question

★★★★★
A supplier is offering a 3% cash discount for payment within 14 days. Alternatively, they will allow a maximum of 40 days credit. The business is expecting to be short of cash but an overdraft...

Answered: 1 week ago

Question

★★★★★
Beginning Inventory is 0 for both Production X and production Y. Production X is 4375 and Production Y is 10,000. Production X Sales 4000 and production Y sales is 9625. Ending Inventory for Product...

Answered: 1 week ago

Question

★★★★★
Experience ratings are applied to unemployment and worker's compensation because: ???? , The ratings paid by the employers vary based on the number of times the employer has used these programs. It...

Answered: 1 week ago

Question

★★★★★
with detailed solution clear photo B. Solve the following problems 1. The weights of three pieces of wood were 1.543 + 0.003 g, 2.2233 + 0.0002 g, and 2.9342 + 0.0005 g. a. What is the absolute...

Answered: 1 week ago

Question

★★★★★
As a property analyst, you are required to carry out a ratio analysis report for your client who has an opportunity to purchase an income-producing property in Sydney. You must identify an...

Answered: 1 week ago

Question

★★★★★
(1) What clues caused Jane to suspect fraud was likely to involve ? (2) Is it important for CFEs or auditors to follow up any inconsistencies, even tiny and small? (3) In this case 1, What are Gus...

Answered: 1 week ago

Question

★★★★★
5. How successful is Orbitzs mobile strategy? Explain your answer. When it comes to mobile apps and gauging their impact on consumers and business, the online travel industry and its airline and...

Answered: 1 week ago

Question

★★★★★
10-11 Explore the Web sites of the following companies: Eurosparkle, Promod, Kingfisher plc, and ebookers. com. Determine which of these Web sites would benefit most from adding a company-sponsored...

Answered: 1 week ago

Question

★★★★★
10-13 This project will help develop your Internet skills in commercial services for hosting an e-commerce site for a small start-up company. You would like to set up a Web site to sell towels,...

Answered: 1 week ago

Previous Question Next Question