On December 31, Year 1, BIG Company had accrued salaries $ 10,500. a. Record in general journal format the adjustment required as of Decmeber 31, Year 1 b. Determine the amount of net income BIG would report Year 1 income statement, assuming that BIG recieved $25,800 of cash revenue c. what is the amount of net cash flow from operating activities for Year 1 c part 2. what amount of salaries payable would BIG report on December 31, Year 1, balance sheet?

On December 31, Year 1, BIG Company had accrued salaries $ 10,500. a. Record in general journal format the adjustment required as of Decmeber 31, Year 1 b. Determine the amount of net income BIG would report Year 1 income statement, assuming that BIG recieved $25,800 of cash revenue c. what is the amount of net cash flow from operating activities for Year 1 c part 2. what amount of salaries payable would BIG report on December 31, Year 1, balance sheet?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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