Please Do not provide Solution in image format and Show all Calculation 5.On December 31, 2022, Ruzow Company made an entry to record $1,600 ofaccrued salaries. The next payment of salaries on January 5, 2023, was $8,000.Related to these transactions only:ABCDA.B.C.D.The entry on January 5 will include a $6,400 credit to Cash.The salaries expense charged to 2022 will be $6,400.The salaries expense charged to 2023 will be $6,400.The salaries expense charged to 2023 will be $8,000.I

Adjusting entries are prepared by management to ensure the accrual basis accounting system. These…

On December 31, 2022, Ruzow Company made an entry to record $1,600 of accrued salaries. The next payment of salaries on January 5, 2023, was $8,000. Related to these transactions only: A. ABCD B. C. D. The entry on January 5 will include a $6,400 credit to Cash. The salaries expense charged to 2022 will be $6,400. The salaries expense charged to 2023 will be $6,400. The salaries expense charged to 2023 will be $8,000.

On December 31, 2022, Ruzow Company made an entry to record $1,600 of accrued salaries. The next payment of salaries on January 5, 2023, was $8,000. Related to these transactions only: A. ABCD B. C. D. The entry on January 5 will include a $6,400 credit to Cash. The salaries expense charged to 2022 will be $6,400. The salaries expense charged to 2023 will be $6,400. The salaries expense charged to 2023 will be $8,000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 2MCQ: In December 2019, Swanstrom Inc. receives a cash payment of $3,500 for services performed in...

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The balance in Ashwood Companys accounts payable account at December 31, 2019, was 1,200,000 before any necessary year-end adjustment relating to the following: Goods were in transit from a vendor to Ashwood on December 31, 2019. The invoice cost was 85,000, and the goods were shipped FOB shipping point on December 29, 2019. The goods were received on January 2, 2020. Goods shipped FOB shipping point on December 20, 2019, from a vendor to Ashwood were lost in transit. The invoice cost was 40,000. On January 5, 2020, Ashwood filed a 40,000 claim against the common carrier. Goods shipped FOB destination on December 22, 2019, from a vendor to Ashwood were received on January 6, 2020. The invoice cost was 20,000, What amount should Ashwood report as accounts payable on its December 31,2019, balance sheet? a. 1,260,000 b. 1,285,000 c. 1,325,000 d. 1,345,000
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please dont provide answer in image format thank you Are there any calculations involved in the Profit or Loss statement ending on 30 June 2023? It says: 1. Warranty expense of $1,290,000. The balance of the provision for warranty at 30 June 2022 was $690,000. Of the balance of this provision at 30 June 2023, 65% is expected to be used by 30 June 2024. 2. $9,430,000 for employee expenses. This includes annual leave expense of $783,000. The balance of the provision for annual leave at 30 June 2022 was $1,230,000. 3. The carrying amount of the shop furniture and fittings sold in March 2023 of $740,000. This is comprised of cost of $2,250,000 less accumulated depreciation to date of sale of $1,510,000.
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1.
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