Question
This assignment is due soon, I want to check my answers before I submit them. Please make sure to answer within 0.5 to 2 hours.
This assignment is due soon, I want to check my answers before I submit them. Please make sure to answer within 0.5 to 2 hours. Please submit what you have within 2 hours, or this question is wasted and will be thumbed down. Thank you for your help in advance!
- An employee was fired during January 2021 and is now suing SING TAO for wrongful dismissal with damages claimed of $70,000. The companys lawyers feel that it is highly likely that SING TAO will be able to settle for about $20,000 with this employee. The company had already accrued $70,000 liability in January 2021 to be on the safe side.
- Jan 31, 2021 Adjusting entry:
| Jan 31, 2021 | Debit | Credit |
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- Explanation:
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
