Journalizing reversing entries Ocean View Services had the following unadjusted balances at December 31, 2016: Salaries Payable, $0; Salaries Expense, $1,400. The following transactions have taken place at the end of 2016 and beginning of 2017:
1. Open T-accounts for Salaries Payable and Salaries Expense using their unadjusted balances at December 31, 2016.
2. Journalize the entries assuming Ocean View Services does not use reversing entries. Do not record the reversing entry on Jan. 1. Post to the accounts.
3. Open new T-accounts for Salaries Payable and Salaries Expense using their unadjusted balances at December 31, 2016. Journalize the entries assuming Ocean View Services uses reversing entries. Don’t forget to record the reversing entry on Jan. 1. Post to the accounts. Compare the balances with Requirement 2 balances.
The following data give the political party of each of the first 30 U.S. presidents. In the data, D stands for Democrat, DR for Democratic Republican, F for Federalist, R...Jun 22 2020
Choose one of the following topics to discuss in your initial post either Plastic in Ocean or Solutions to the Issue of Plastic PollutionTopic 1: Plastic in the OceanWhat...Apr 17 2020
How long must a high-level nuclear waste facility be able to provide safe isolation?a.25 yearsb.250 yearsc.2,500 yearsd.25,000 yearse.250,000 years12.What do New Jersey, ...Feb 14 2020
The value of a brand is often calculated by assessing the A.difference between brand equity and brand liability.B.corporate profitability divided by the monthly brand ...Dec 14 2019
Which of the following is not a strategy for companies to remain continuously innovative?[A]Do not resort to outsourcing of activites, instead develop them in-house[B]Mak...Dec 27 2017
What is the bid-ask spread?Here is a tip:Market makers have to have a way of being compensated for their function at exchanges.Apr 23 2021
1. In any part drawing, what are the critical surfaces of a part (i.e., what makes a part surface critical)? (This question requires an understanding of basic part drawings.)May 19 2020
Briefly explain the differences between functional, matrix, and project organizations. Describe how each structure affects the management of the project.Jun 03 2020
If Videocon engineers its washing machines to spin the clothes faster regardless of whether or not customers want that speed, then Videocon has characteristics associated...Dec 14 2017