Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a business hired a repairman to overhaul their plu

A business hired a repairman to overhaul their plumbing system. The repairman began work on...

90.2K

Verified Solution

Question

Accounting

A business hired a repairman to overhaul their plumbing system. The repairman began work on September 15 and completed it on October 15. The business agreed to pay him $4,000 when the work was completed. As of September 30, the work was 50% complete and the business made an adjusting entry to accrue repair expense as of the end of September. On October 15, the work was completed and the business paid the repairman in full. Provide the journal entry for the cash payment on October 15.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Parker Products manufactures a variety of household products. The company is considering introducing a new detergent....

Finance
1.2K views

Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 –$12,800...

Statistics
1.2K views

DATA: Grades A- 10     B- 2     C- 1 D- 0   F- 2 Q23. a) If a...

Medical Sciences
1.2K views

During the 18th century, many scholars became interested in biological diversity, human origins, and our position...

Psychology
1.2K views

What are the differences between cognitive therapy and behavioral therapy? Why is it important for counselors...

Accounting
1.2K views

Java Source, Incorporated, (JSI) buys coffee beans from around the world and roasts, blends, and...

Accounting
1.2K views

The following information relates to Beetcon Limited for the year ended 30 June 2014. Accounting...

Accounting
1.2K views

Following is the material balance available in store of a business on a particular day:...

Finance
1.2K views

A division of Spruce Inc (Maple Division) is undertaking a new project. Spruce Inc is...

Finance
1.2K views

Income Statement (5 millions) Revenues (Sales) Year 0 800 300 Operating Costs Depreciation 100 0...

Finance
1.2K views

I need to find the net gains/loss percentage. Company ...

Finance
1.2K views

Consolidated Construction has a beta of 1.3. The risk-free rate of return is 3.2 percent...