Author Question: The following adjusting journal entry found in the journal is missing an explanation. Select the ... (Read 74 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?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

For a complete list of videos, visit our video library