Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sanborn company has 10 employees, who earn a total

Sanborn Company has 10 employees, who earn a total of $1,900...

70.2K

Verified Solution

Question

Accounting

image
Sanborn Company has 10 employees, who earn a total of $1,900 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is: O Debit Salarles Expense, $5,700, credit Salarles Payable, $5,700. O O O O Debit Salarles Expense, $3,800, credit Salarles Payable, $3,800. Debit Salarles Expense, $9,500, credit Salarles Payable, $9,500. Debit Salarles Payable, $5,700; credit Salarles Expense, $5,700. Debit Salaries Expense, $5,700; credit Cash, $5,700

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

Basic Math
1.2K views

Complete the table to determine the effect of the number of compounding periods when computing...

Basic Math
1.2K views

1.) The cost of producing x units of a product is modeled by C(x) = 180+90x-260lnx...

Biology
1.2K views

Question IT Dynein It has been shown experimentally that mutations in dynein can affect lung...

Calculus
1.2K views

Jahlil is a golf pro who works at two different golf courses His schedule is...

Algebra
1.2K views

10 Each formula below is used to determine a length an area or a volume...

Algebra
1.2K views

Distinguishing accuracy and precision Four research teams measured the speed at which signals travel down...

Accounting
1.2K views

During 2021, Farah Khan accepted a job transfer from British Columbia to Ontario. She will...

Accounting
1.2K views

Presidio, Inc. produces one model of mountain bike. Partial information for the company follows:

Accounting
1.2K views

Problem 7-4 (Algo) Uncollectible accounts; financial statement effects [LO7-5, 7-6] Raintree Cosmetic Company selis its...

Accounting
1.2K views

In 2021, Peter earned $25,000 of taxable income from Canadian sources and $25000 (in CAD)...

Accounting
1.2K views

business law Question 10 Remedies for breach of contract 4 to...

Finance
1.2K views

Question 18 3 points avec Quirk Drugs sold an issue of 30-year $1,000 par value...