This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following journal entries is a budgetary entry? a. debit estimated revenues and ... (Read 114 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jul 5, 2018
Which of the following journal entries is a budgetary entry?
 
  a. debit estimated revenues and credit appropriations
  b. debit expenditures and credit cash
  c. debit property taxes receivable and credit property tax revenues
  d. debit cash and credit property taxes receivable

Question 2

Ski Master Company pays weekly salaries of 18,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Salaries Expense (18,000/5  3)
Salaries Payable 10,800
10,800


big1devin

  • Hero Member
  • *****
  • Posts: 583
Reply #2 on: Jul 5, 2018
Thank you


jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ... Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ...
Accounting (Making Entries) Accounting (Making Entries)
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Type of entry grade 1 Type of entry grade 1
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library