Answers
Ans:
Answer:
The adjusting entry is as follows:
Transaction | General Journal | Debit | Credit |
1 | Salaries and Wages expenses Dr. | $ 4,600 | |
To liability - Compensated future absences | $ 4,600 | ||
(To record adjusting entry for vacations earned but not taken) |
Working Note:
Total Non- Vacation wages in 2021= Total wages paid to employees in 2021 - Total Vacation wages paid in 2021
= $414,000 - $4500
= $409,500
Vacation pay earned in 2021 = Total Non- vacation wages x 1 hour/45 hour work period
= $409,500 x 1/45
= $9100
Vacation pay carried over = Vacation pay earned in 2021 - Vacation pay taken in 2021
= $9100 - $4500
= $4600
.Similar Solved Questions
1 answer
Oriole Company sells one product. Presented below is information for January for Oriole Company. Jan. 1...
Oriole Company sells one product. Presented below is information for January for Oriole Company. Jan. 1 Inventory 120 units at $5 each 4 Sale 96 units at $8 each 11 Purchase 141 units at $7 each 13 Sale 113 units at $9 each 20 Purchase 160 units at $7 each 27 Sale 104 units at $11 each Oriole uses t...
1 answer
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the...
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete DM 38% % complete conversion 71% work in process, April 1 units started during April work in process, April 30 units...
1 answer
Jessica purchased a home on January 1, 2018 for $680,000 by making a down payment of...
Jessica purchased a home on January 1, 2018 for $680,000 by making a down payment of $270,000 and financing the remaining $410,000 with a 30-year loan, secured by the residence, at 6 percent. During 2018 and 2019, Jessica made interest-only payments on this loan of $24,600 (each year). On July 1, 20...
1 answer
Exercise 6-17 Break-Even and Target Profit Analysis [LO6-4, LO6-5, LO6-6] Outback Outfitters sells recreational equipment. One...
Exercise 6-17 Break-Even and Target Profit Analysis [LO6-4, LO6-5, LO6-6] Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $140 per unit. Variable expenses are $98 per stove, and fixed expenses associated with the stove total $197,40...
1 answer
Every day a commuter takes a train that arrives at her station at precisely 6:00 pm
Every day a commuter takes a train that arrives at her station at precisely 6:00 pm. She is met at the station by her husband, who also arrives at precisely 6:00 pm. He always drives the same route to the station and never varies his speed. One day the commuter takes and earlier train and arrivds at...
1 answer
Lucky Number: Question 4. (15 points) An individual who has automobile insurance from a certain company...
Lucky Number: Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf ofY is Page 4 of 8 p(y) 0.25 0.10 0.05 (1). Find a, such that p(y...
1 answer
2. Generate a large number of Gaussian distributed random numbers with mean 0 and variance 1....
2. Generate a large number of Gaussian distributed random numbers with mean 0 and variance 1. (HINT: use the randn command) a) Provide a scatter plot of the random numbers b) Plot the pdf of the distribution (similar to 1) and compare with theoretical pdf given in the class handout. c) If I want to ...
1 answer
Score: 0 of 5 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 40...
Score: 0 of 5 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 40 pts CCOL P9-33A (book/static) Question Help Conseco Oil, Inc, has an account titled Oil and Gas Proportios. Conseco paid $6,600,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Assume the company paid $570,000 for additio...
1 answer
11. The partially filled out contingency table below is for a hypothesis test to see if...
11. The partially filled out contingency table below is for a hypothesis test to see if there is evidence that M and N are not independent. Fill out the missing parts of the table. The expected values go in the parentheses and observed values go above the parentheses. Also put in the missing row tot...
1 answer
Consider the following two reactions: A2B AC AH°rxn = 456.7 kJ/mol AHºrxn = -22.1 kJ/mol Determine...
Consider the following two reactions: A2B AC AH°rxn = 456.7 kJ/mol AHºrxn = -22.1 kJ/mol Determine the enthalpy change for the process. 2B-C 0 -478.8 kJ/mol 434.6 kJ/mol -434.6 kJ/mol 478.8 kJ/mol More information is needed to solve the problem. Calculate the standard enthalpy change for th...
1 answer
Calculate the change in Entropy 3. One mole of CO gas is transformed from an initial...
Calculate the change in Entropy 3. One mole of CO gas is transformed from an initial state of Ti=320K and Vi=20L to a final state of Tf=650K and Vf=120L. The temperature dependence of Cv,m is given as C = a +bT +cT? +dT”; a=31.08, b=-0.01452K-'; c=3.14x10--K?,b=-1.498x10K-...
1 answer
ORDER: DOPAMINE 20MCG/KG/MIN AVAILABLE 800MG/500ML WEIGHT 165 LB HOW MANY ML/HR?
ORDER: DOPAMINE 20MCG/KG/MIN AVAILABLE 800MG/500ML WEIGHT 165 LB HOW MANY ML/HR?...
1 answer
9. Find the average value of f(x) = 3x2 - 2x on the interval [1,4]. (8...
9. Find the average value of f(x) = 3x2 - 2x on the interval [1,4]. (8 Points) Hint: Use the formula: favo = 6-a Srca) dx...
1 answer
Given that z is a standard normal random variable, compute the probability that it takes on...
Given that z is a standard normal random variable, compute the probability that it takes on a value between -1 and 1....
1 answer
3)er the ety m where wo)-A lNe-2) D CO A) e ks a d the kolowie...
3)er the ety m where wo)-A lNe-2) D CO A) e ks a d the kolowie ples,sp a hea way and beak points heawe ol gh K he keen the watem stable INle etx to yel a stable ystem with second onder complex poles, with a damping ratio of 1-2 FrI 1...
1 answer
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively...
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results Flexible Budget Planning Bud...