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Author Question: Machine depreciation can be a cost-driver for a manufacturing company under ABC system. Indicate ... (Read 103 times)

Cooldude101

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on: Jul 5, 2018
Machine depreciation can be a cost-driver for a manufacturing company under ABC system.
 
  Indicate whether this statement is true or false.

Question 2

Salaries of 6,400 are paid for a five-day week on Friday. Prepare the adjusting journal entry that is required if the month ends on Thursday.


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jaymee143

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

Salaries Expense (6,400/5 x 4) 5,120
Salaries Payable Salaries Payable 5,120


Cooldude101

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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