I will be looking for detailed, scholarly answers, including…
I will be looking for detailed, scholarly answers, including well-written and critical arguments supporting your answers. You can reference Rahim and other authors, for example, but I also will be looking for your ideas and assessments.
Read DetailsA company’s employees earn a total of $28,750 per week for a…
A company’s employees earn a total of $28,750 per week for a 5-day work week that begins on Monday and ends on Friday, payday is Friday. December 31 of Year 1 is a Tuesday, and all employees worked that day; January 1 is also a workday. a) Prepare the required adjusting journal entry to record accrued salaries on Tuesday, December 31, Year 1.b) Prepare the journal entry to record the payment of salaries on Friday, January 3, Year 2. **Do not have to use Dr or Cr when entering in the account name*** Do not use “$” for amounts.***Use Salaries not Wages.*** Date Account Debit Credit December 31 [salexp] [exp] [salpay] [pay] January 3 [salexp1] [exp2] [salpay1] [pay2] [cash] [cash1]
Read DetailsUse the trial balance for Peach’s Pastry Shop and prepare a…
Use the trial balance for Peach’s Pastry Shop and prepare a properly formatted Statement of Stockholder’s Equity. Peach’s Pastry Shop, LLC Trial Balance October 30 Cash $67,000 Accounts Receivable 7,200 Bakery Supplies 17,300 Bakery Shop Equipment 155,000 Delivery Van 75,000 Accounts Payable $16,500 Salaries Payable 9,300 Notes Payable 65,000 Common Stock 150,000 Retained Earnings 69,155 Dividends 14,000 Sales Revenue 215,005 Salaries Expense 66,075 Bakery Supplies Expense 47,425 Rent Expense 60,000 Insurance Expense 14,360 Van Maintenance Expense 1,600 Totals $524,960 $524,960
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