subject
Business, 02.11.2019 03:31 lindseybug

Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $9,200 of unpaid and unrecorded salaries. the next payday is january 3, at which time $23,000 will be paid. prepare the january 1 journal entry to reverse the effect of the december 31 salary expense accrual.

debit salaries expense $9,200; credit salaries payable $9,200.

debit salaries expense $13,800; debit salaries payable $9,200; credit cash $23,000.

debit salaries payable $13,800; credit cash $13,800.

debit salaries payable $9,200, credit salaries expense $9,200.

debit salaries expense $13,800; credit salaries payable $13,800.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:30
According to the research in strategic human resources management,answers: firms that are able to use human resource practices to develop socially complex human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices.firms that are able to use human resource practices to develop socially simplistic human and organizational resources are able to gain competitive advantage over firms that do not engage in these practices.firms that are able to use human resource practices to develop socially complex human and organizational resources gain little advantage over firms that do not engage in these practices.firms that are able to use human resource practices to develop socially complex human and organizational resources are at a competitive disadvantage when compared to firms that do not engage in these practices.
Answers: 3
question
Business, 22.06.2019 01:30
For each example identify the most appropriate ctso
Answers: 3
question
Business, 22.06.2019 19:10
Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position
Answers: 3
question
Business, 22.06.2019 22:00
Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)
Answers: 3
You know the right answer?
Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had ear...
Questions
Questions on the website: 13722367