Karl Company accrued wages of $7,350 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?A. Debit Wages Expense $7,350; credit Cash $7,350.
B. Debit Wages Expense $7,350; credit Wages Payable $7,350.
C. Debit Wages Payable $7,350; credit Cash $7,350.
D. Debit Cash $7,350; credit Wages Expense $7,350.
E. Debit Wages Payable $7,350; credit Wages Expense $7,350.
Answers: 3
Business, 22.06.2019 10:30
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
Business, 22.06.2019 18:50
Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right
Answers: 3
Business, 22.06.2019 21:00
Describe what fixed costs and marginal costs mean to a company.
Answers: 1
Business, 23.06.2019 02:30
When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?
Answers: 3
Karl Company accrued wages of $7,350 that were earned by employees unpaid at the year-end. Assuming...
History, 28.01.2020 18:54
History, 28.01.2020 18:54
Mathematics, 28.01.2020 18:54
History, 28.01.2020 18:54
Chemistry, 28.01.2020 18:54
Mathematics, 28.01.2020 18:54
Mathematics, 28.01.2020 18:54
Mathematics, 28.01.2020 18:54
History, 28.01.2020 18:54
Social Studies, 28.01.2020 18:54
History, 28.01.2020 18:54