Ask Experts Questions for FREE Help !
Ask
    kw48's Avatar
    kw48 Posts: 3, Reputation: 1
    New Member
     
    #1

    Jan 27, 2013, 06:40 PM
    Journal adjusting entries
    Employee are pay for current week's work. The amount ot the weekly payroll is 7000.00 for five day work week. This year Dec. 31 falls on Wednesday
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Jan 28, 2013, 11:47 AM
    First you have to calculate the amount of pay for Monday, Tuesday, and Wednesday in order to get the amount for your adjusting entry.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal Entries & Adjusting Journal Entries [ 2 Answers ]

Nov. 15- Purchased $1,600 of merchandise on account from Martin Co, terms 1/30; paid $60 of associated freight charges in cash. My answer: Merchandise Inventory $1600 Accounts Payable $1600 Cash $60 Freight Expense $60...

Adjusting journal entries [ 1 Answers ]

The accountant for the concessions company reported that gross receipts for November were $140,000. Ten percent is due to heartland and will be remitted by December 10.

Adjusting journal entries [ 1 Answers ]

BELOW IS IN THE TRIAL BALANCE. CASH IN BANK=1,263,600 ACCOUNTS RECEIVABLE= 382,000 MERCHANDISE INVENTORY=45,000 STORE SUPPLIES INVENTORY=10000 PREPAID INTEREST=80,000 STORE FURNITURE AND FIXTURES=150000 NOTES PAYABLE=500,000 ACCOUNTS PAYABLE=305,000 E. DETOYA CAPITAL=1,045,000

Adjusting journal entries from adjusting column of work sheet [ 2 Answers ]

How can I prepare necessary adjusting journal entries (a) through (e) by using the following information from the Adjustments columns of a 10-column work sheet. Interest recievable (d)$880 Office supplies ...


View more questions Search