laidbackkiddo1243 laidbackkiddo1243

18-07-2020
Business

contestada

A company owes employee salaries of $16,000 at the end of the year. These salaries will be paid in the following year. What adjusting entry, if any, does the company need to record at the end of the year

Respuesta :

18-07-2020

Answer:

Wages and Salaries $16,000 (debit)

Wages and Salaries Payable $16,000 (credit)

Explanation:

At the end of the year, the Company has to recognize an Expense : Wages and Salaries and a Liability : Wages and Salaries Payable.

Answer Link

Otras preguntas

use the figure below to solve for the missing value(s):

7. What number multiplied by 2/3 has a product of 1? (Example 2) it's saying 4/6 is wrong what do i do

Rudy is purchasing a toaster. Of the toasters in the store, 70% cost $10, 20% cost $20, and 10% cost $50. How much can Rudy expect to pay for a toaster?

a 0.3% fetomaternal bleed was determined by a kleihauer-betke stain of postpartum blood. what is the estimated volume of the fetomaternal bleed expressed as who

suppose there were 65 workers at robotron before unionization. how many robotron workers just got laid off?

Read the introduction to Samantha's argument. My friends like going to fast food restaurants. It's not that I mind, but I'm a vegan, and these restaurants offer

In the figure below, a pole has two wires attached to it, one on each side, forming two right triangles. Based on the given information, answer the questions be

in which type of disorder do feelings of apprehension or tension occur without an obvious external cause, affecting daily functioning? multiple choice question.

what is the variable of -3x + 9 = -18 please help me

which nursing actions demonstrate an understanding of components that are required in the objective portion of a neurologic assessment? (select all that apply.)