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

Question

1 Approved Answer

XYZ calculated the employees' December salary as $30,000. The payment was be made on January 10th. What is the journal entry on Jan 10. O

image text in transcribed

XYZ calculated the employees' December salary as $30,000. The payment was be made on January 10th. What is the journal entry on Jan 10. O a. Debit Salary Payable, Credit Cash O b. Debit Cash, Credit Prepaid Salary O c. Debit Salary Payable, Credit Salary Expense O d. Debit Salary Expense, Credit Cash

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

Accounting Business Reporting For Decision Making

Accounting Business Reporting For Decision Making

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver

6th Edition

978-0730363415, 0730363414

More Books

Students also viewed these Accounting questions

Question

★★★★★
Kays Agency has the following payroll information for the week ended December 14. State income tax is computed as 20 percent of federal income tax. Assumed tax rates are as follows: a. FICA: Social...

Answered: 1 week ago

Question

★★★★★
Week 9 Discussion 2Collapse Project Learning. Please respond to the following: Continue to consider the project identified in Discussion 1. What was the project objective? Assess the planning and...

Answered: 1 week ago

Question

★★★★★
4. Ask them to explain the problem to someone else. What would a good solution look like?

Answered: 1 week ago

Question

★★★★★
AutoQuest has been selling auto parts to the general public for over 70 years. It has built a reputation for outstanding customer service, becoming the third largest auto parts retailer in the...

Answered: 1 week ago

Question

★★★★★
Then reflect on why we still find value in ancient Greek architectural styles today, referencing ideas you explored in Chapter 2 "landmarks in humanities" and the module about Greek cultural values

Answered: 1 week ago

Question

★★★★★
Below are transactions for Wolverine Company during 2 0 2 4 . On December 1 , 2 0 2 4 , Wolverine received $ 2 , 8 0 0 cash from a company that rents office space from Wolverine. The payment,...

Answered: 1 week ago

Question

★★★★★
The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★
Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★
21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Answered: 1 week ago

Question

★★★★★
Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

Answered: 1 week ago

Question

★★★★★
An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★
=+What is your personal mission statement?

Answered: 1 week ago

Question

★★★★★
=+4. What skills are needed to create a sustainable personal brand? What areas do you feel most confident in? What areas do you feel you need to work on?

Answered: 1 week ago

Question

★★★★★
=+1. Define personal brand. What are three components to take into consideration when exploring what a personal brand is?

Answered: 1 week ago

Previous Question Next Question