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Author Question: Which of the following journal entries is a budgetary entry? a. debit estimated revenues and ... (Read 115 times)

big1devin

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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.


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jgranad15

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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

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Reply #2 on: Jul 5, 2018
Thank you


jgranad15

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Reply #3 on: Jul 5, 2018
No problemo


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