What amount should Lind report as salaries expense

Assignment Help Accounting Basics
Reference no: EM132282228

Question - Lind Co.'s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. Lind's employees do not work on Saturdays and Sundays. The last payroll was paid on June 18. On Wednesday, June 30, the month-end balance in the salaries expense account before accruals was $14,000. What amount should Lind report as salaries expense in its income statement for the month ended June 30?

$20,000

$22,000

$24,000

$18,000

Reference no: EM132282228

Questions Cloud

What you learned from your exploration : In order to expand your awareness of the range of jobs that are available in the early childhood/child development field, this Discussion requires you.
Explain how applying the methods of analyzing an argument : Explain how applying the methods of analyzing an argument can help you make and win your point.
What are some of the challenges of your job : The video segments you viewed covered only some of the jobs available in the field of early childhood and child development. Many other jobs were referred.
How would you explain the concept to your incoming freshman : Imagine that you are a new college professor developing your first lecture on the Capital Asset Pricing Model.
What amount should Lind report as salaries expense : Lind Co.'s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. What amount should Lind report as salaries expense
What are the arguments for democracy being better : You may consider the unstated question herein, are authoritarian governments better at contemporary problems in domestic and global society?
What amount should cado accrue as its share of payroll taxes : Amount of wages subject to payroll taxes: FICA 80,000. In its January 31 balance sheet, what amount should Cado accrue as its share of payroll taxes
Monopoly and price discrimination : Suppose the inverse demand for a product produced by a single firm is given by P=200-5Q and this firm has a marginal cost of production of MC=20+2Q.
Write history of medium specificity and analyze consequences : The issue of artistic subjectivity has been a defining feature of American Art since the conclusion of World War II from Jackson Pollock to Helen Frankenthaler

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd