Author Question: The payroll register for the week ended April 15 for Ultimate Tanning Spa indicates gross earnings ... (Read 94 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
The payroll register for the week ended April 15 for Ultimate Tanning Spa indicates gross earnings of 4,000 and total deductions of 1,200 . The journal entry for the payroll for this week would include which of the following credit amounts to Cash?
 a. 1,200
   b. 2,800
   c. 4,000
   d. 5,200

Question 2

Internal controls are ________.
 
  A) laws and regulations imposed by the IRS and SEC to ensure the accuracy of financial statements
  B) accounting procedures required by the FASB to ensure the accuracy and reliability of firms' accounting records
  C) policies and procedures the managers of a firm use to protect a firm's assets and the accuracy of its accounting records
  D) rules required by creditors to ensure repayment of liabilities



chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

b

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

For a complete list of videos, visit our video library