The company incurs a payroll payable of $645 per weekday of operations. The mondays of january are the 3rd, 10th, 17th, 24th, and the 31st. Paydays are every other Friday with paydays of January 7th & 21st and February 4th for the two weeks ending that date. The friday, january 21st payday is complete and paid with no continuing forward payroll liability. Write the adjusting entry for January 31st

Posted Date: 10/19/2012 2:28:54 PM | Location : United States

Ask an Expert

Related Discussions:- Adjusting Entries, Assignment Help, Ask Question on Adjusting Entries, Get Answer, Expert's Help, Adjusting Entries Discussions

Write discussion on Adjusting Entries
Your posts are moderated

Write your message here..

Related Questions

Mortgage, Ask questiJohn’s away at the moment, and his email provider has a... Ask questiJohn’s away at the moment, and his email provider has a size limit on the data that can be sent via email. What is a potential solution for John, and name a provider that

What is accounting and book keeping, Question 1 What is accounting and boo... Question 1 What is accounting and book keeping? Explain the objectives of accounting? Question 2 Explain GAAP and write down the relationship between accounting principles, a

Errors in financial statements, Errors in Financial Statements The followin... Errors in Financial Statements The following financial statements are available for Sherwood Real Estate Company: Balance Sheet Assets Liabilities Cash . . . . . . . . . . . . . .

Calculate the risk premium , Question: Zelo, Inc. stock has a beta of 1... Question: Zelo, Inc. stock has a beta of 1.23. The risk-free rate of return is 4.5% and the market rate of return is 10%. What is the amount of the risk premium on Zelo stock?

Define the term limited company- business ownership, Define the term Limite... Define the term Limited company- business ownership Limited companies can range in size from quite small to very large. Number of individuals who subscribe capital and become

Compute debt equity ratio and prepare a cash flow statement, 1.From the ... 1.From the following information you are required to prepare a cash Flow statement of XYZ Ltd for the year ended 31 st December 2009 LIABILITIES

.which of the following is true, 1.Which of the following is true? A. Land ... 1.Which of the following is true? A. Land is depreciated using the straight line depreciation method B. Land is amortized using the declining balance method C. Land is depleted usi

Illustration regarding profit that head office can claim, Illustration rega... Illustration regarding profit that head office can claim E Ltd sets up a branch in Nyeri on 1 July 2001. Goods are sent to branch at an invoice price which is 10% above cost. S

Maintaining a fixed interest rate, During summer of 2006, China increased t... During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th

Average settlement period for trade receivables, what is the definition? what is the definition?