Business, 30.06.2021 04:20 ggjhuvth

Adjusting and paying accrued wages L. O. C1, P1 Pablo Management has seven part-time employees, each of whom earns $205 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2011. The end of the year, December 31, 2011 falls on a Monday. The next week, the seven employees worked only four days because New Years Day was an unpaid holiday. All the seven employees are paid as usual on Friday, January 4, 2012. (a) Prepare the adjusting entry that would be recorded on Monday, December 31, 2011. (Omit the "$" sign in your response.) Date General Journal Debit Credit Dec. 31, 2011
(b) Prepare the journal entry that would be made to record payment of the employees wages on Friday, January 4, 2012. (Omit the "$" sign in your response.) Date General Journal Debit Credit Jan. 4, 2012

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 12:30

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Answers: 1

Answer

Business, 22.06.2019 15:40

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Answers: 1

Answer

Business, 22.06.2019 16:30

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income

Answers: 1

Answer

You know the right answer?

Adjusting and paying accrued wages L. O. C1, P1 Pablo Management has seven part-time employees, each...

Questions