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 122 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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

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?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

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
Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ... Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ...
The distance between the centerline of the main bearing journal and the centerline of the ... The distance between the centerline of the main bearing journal and the centerline of the ...
What is the estimated age of the archaeological sample What is the estimated age of the archaeological sample
Estimated times of divergence of human and Neanderthal genomic Estimated times of divergence of human and Neanderthal genomic
Video: ribosome

For a complete list of videos, visit our video library