How is the answer 720 and not 900? Help explain the concept for me to understand please InstructionsAccounting JournalO Accounting Ledger2 Accounting EquationAccounting Journala. - The weekly payroll of Top-Loading Tyler's Video Emporium is $900, paid everyFriday for a five-day workweek. Assume December 31, 2009 is on Thursday, but theemployees will not get paid until Friday, January 1, 2010.SHOW ME THE ACCOUNTING EQUATIONSHOW ME THE GENERAL JOURNALIDAccount TitleDebitCreditWages ExpenseWages Payablea.720720You got it all correct!Here's how the effect on the accounting equation is recorded in the journal. Theimportant new information is that Wages Expense is a debit and Wages Payable is acredit. Remember: Debits are always written first in the journal and credits second.Ask a QuestionDebits and CreditsO Are total debits and total credits equal for this transaction?Why do total debits and total credits always have to be equal?O How did you know that Wages Payable was a credit?O How did you know that Wages Expense was a debit?Financial StatementsO Which financial statements did this transaction affect?ODoes this transaction affect the income statement?ODoes this transaction affect the statement of retained earnings?Does this transaction affect the balance sheet?O Does this transaction affect the cash flow statement?Copyright Quantum Adaptive Learning, LLC All rights reserved.

Accounting Journal a. - The weekly payroll of Top-Loading Tyler's Video Emporium is $900, paid every Friday for a five-day workweek. Assume December 31, 2009 is on Thursday, but the employees will not get paid until Friday, January 1, 2010. SHOW ME THE ACCOUNTING EQUATION SHOW ME THE GENERAL JOURNAL ID Account Title Debit Credit Wages Expense Wages Payable a. 720 720

Accounting Journal a. - The weekly payroll of Top-Loading Tyler's Video Emporium is $900, paid every Friday for a five-day workweek. Assume December 31, 2009 is on Thursday, but the employees will not get paid until Friday, January 1, 2010. SHOW ME THE ACCOUNTING EQUATION SHOW ME THE GENERAL JOURNAL ID Account Title Debit Credit Wages Expense Wages Payable a. 720 720

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 1OYO

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my.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6 anvas erences Review View Help Editing i Share A^ A U Ov Av Ao E E E E E ACC200 PRINCIPLES OF ACCOUNTING III ASSIGNMENT 4 EA1. LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours FA2
d. Salary expense is $6,100 per day-Monday through Friday-and the business pays employees each Friday. This year, December 31 falls on a Thursday. Journal Entry Accounts Debit Credit Salary Expense 6100 d. 6100 Salary Payable Choose from any list or enter any number in the input fields and then click Check Answer.
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Login S Chapter T2: Payrol A ezto.mheducation.com/hm.tpx Summary - Quizizz O Summary - Quizizz O Geometry Unit 3 St. aSummary -Quiz E Apps 6 Harford County Pu. starthcps.org 10. Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular rate for all hours worked over 8 in any weekday, and overtime at the rate of 2 times the regular rate for hours worked on Saturdays, Sundays, and holidays. During the week ended February 14, LaClerq worked the following days and hours. Calculate the regular hours worked and the overtime hours worked. Then answer the questions that follow. Total Hours Worked Regular Hours Overtime Hours Day Monday 7. Tuesday 10 8 Wednesday 8. 8 Thursday 10 8 Friday 11 8 Saturday 2 2 48 41 1. How many regular hours did Mr. LaClerq work? Regular Hours 41 O Search for anything W DELL SC F2 F3 F4 F6 F7 F8 F9 %23 & 7 8. E R 立
A weekly time ticket for Joyce Caldwell follows: Labor Time Ticket Ticket Number: TT 338 Employee: Joyce Caldwell % Date Monday, 8/12 Tuesday, 8/13 Wednesday, 8/14 Thursday, 8/15 Friday, 8/16 View transaction list < 1 Time Started Journal entry worksheet 7:00 AM 7:00 AM 7:00 AM Transaction a 7:00 AM 12:00 PM 7:00 AM Note: Enter debits before credits. Record entry Dates: Monday 8/13 Record Joyce's wages to be paid at a later date. Required: Prepare a journal entry to record Joyce's wages. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 1 General Journal Clear entry Friday 8/17 Time Ended 11:00 AM 4:00 PM 3:00 PM Weekly Totals Hourly Labor Rate Total Wages Earned 3:00 PM 3:00 PM 3:00 PM Total Hours 8 hours 8 hours 8 hours Debit 4 hours 4 hours 8 hours 40 hours × $29 $ 1,160 Credit Job Number Job 271 Job 271 Job 272 Job 272 Maintenance Job 273 View general journal
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