Financial Statement Impact Auto Rx provides auto repair services. Employees are paid weekly on Fridays for a five-day work week and are paid the same amount each day. Financial statements are prepared on July 31, 20x4. Two sliders are provided for dynamic analysis of the adjusting entry. The first slider evaluates the financial statement impact from changing the total weekly payroll. The second slider evaluates the impact from changing the July 31, 20x4 day of week. The slider impact is shown first on a timeline and then in the T-accounts of the accounting equation. Move the first slider to select the total weekly payroll to see how the total payroll affects the T-accounts and timeline numbers. Likewise, move the second slider left and right to see how the July 31, 20x4 day of week affects the T-accounts and timeline numbers. Click here and answer the following questions using the sliders the dynamic timeline, and the T-accounts. If an answer is zero, enter "0". Assume the weekly payroll is $15,000 and July 31, 20x4 occurs on a Thursday in answering questions 1-5:
Financial Statement Impact
Auto Rx provides auto repair services. Employees are paid weekly on Fridays for a five-day work week and are paid the same amount each day. Financial statements are prepared on July 31, 20x4. Two sliders are provided for dynamic analysis of the
Move the first slider to select the total weekly payroll to see how the total payroll affects the T-accounts and timeline numbers. Likewise, move the second slider left and right to see how the July 31, 20x4 day of week affects the T-accounts and timeline numbers.
Click here and answer the following questions using the sliders the dynamic timeline, and the T-accounts. If an answer is zero, enter "0".
Assume the weekly payroll is $15,000 and July 31, 20x4 occurs on a Thursday in answering questions 1-5:
questions in attachment. Thank you!
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