Author Question: The following adjusting journal entry found in the journal is missing an explanation. Select the ... (Read 77 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry. Wages Expense 4,500 Wages Payable 4,500 ????????????????
 a. Record payment of wages.
  b. Record wages paid last month.
  c. Record wages paid in advance.
  d. Record wages expense incurred and to be paid next month.

Question 2

Which of the following terms best describes the types of assets accounted for in governmental-type funds?
 
  a. any resource that can be used to provide service to the citizenry
  b. financial assets and capital assets
  c. current assets and movable fixed assets
  d. financial assets



Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library