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 119 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?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
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
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
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 ...
Estimated times of divergence of human and Neanderthal genomic Estimated times of divergence of human and Neanderthal genomic
Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library