« previous next »

Author Question: At year end December 31, 2010, McToil, Inc. owes its employees 15,000 for work performed in 2010. ... (Read 68 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
At year end December 31, 2010, McToil, Inc. owes its employees 15,000 for work performed in 2010. Payday is not until the first week in January 2011. Record the adjusting entry in the T-accounts provided.
 
  What will be an ideal response?

Question 2

The order in which financial statements should be prepared is
 a. balance sheet, income statement, statement of owner's equity.
   b. income statement, balance sheet, statement of owner's equity.
   c. statement of owner's equity, balance sheet, income statement.
   d. income statement, statement of owner's equity, balance sheet.


ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 5, 2018
Answer to Question 1

Wages Payable
15,000

Wages Expense
15,000

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur
The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ... Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ...
Hospitalization per year Hospitalization per year
Multitasking at work Multitasking at work
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library