Solved

At the End of 2013,the Unadjusted Accounting Records Contain the Following

Question 147

Essay

At the end of 2013,the unadjusted accounting records contain the following selected accounts and balances:
 Other reverue $13,600 Salary Expense $32,200 Supplies Expense 16,500 Rent Expense 12,400 Depreciation Expense 22,000 Legal Fees Earned 64,300 Utilities Expense 22,400 Income T ax Expense 15,800 AccountsReceivable 22,300 Dividends 13,000\begin{array}{llll}\text { Other reverue } & \$ 13,600 & \text { Salary Expense } & \$ 32,200 \\\text { Supplies Expense } & 16,500 & \text { Rent Expense } & 12,400 \\\text { Depreciation Expense } & 22,000 & \text { Legal Fees Earned } & 64,300 \\\text { Utilities Expense } & 22,400 & \text { Income T ax Expense } & 15,800 \\\text { AccountsReceivable } & 22,300 & \text { Dividends } & 13,000\end{array} A) The company has not paid its employees for the final 3 days in 2013 . The amount owed is $2,500 \$ 2,500 . How much salary expense should be reported for the year ended December 31, 2013?

B) What additional adjustments would you expect the company to make at year end that would result in additional revenue as a result of the account listed?

Correct Answer:

verifed

Verified

A) blured image (unadjusted salary expense...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents