Question 5 . Question : A company pays each of its two office employees each Friday at the rate of $ 100 per day each for a five-day week that begins on Monday . If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday , the month-end adjusting entry to record the salaries earned but unpaid is : Salaries Payable $ 600
Salaries Payable $ 400
Salaries Payable $ 600
Debit Salaries Expense $ 400 and credit
Debit Salaries Expense $ 600 and credit
Debit Salaries Payable $ 400 and credit
Salaries Expense $ 400
Question 6 . Question : A company ' s Office Supplies account shows a beginning balance of $ 600 and an ending balance of $ 400 . If office supplies expense for the year is $ 3,100 , what amount of office supplies was purchased during the period ? Question 7 . Question : A company had no office supplies available at the beginning of the year . During the year , the company purchased $ 250 worth of office supplies . On December 31 , $ 75 worth of office supplies remained . How much should the company report as office supplies expense for the year ?
Question 5 . Question : A company pays each of its two office employees each Friday at the rate of $ 100 per day each for a five-day week that begins on Monday . If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday , the month-end adjusting entry to record the salaries earned but unpaid is : Salaries Payable $ 600
Salaries Payable $ 400
Salaries Payable $ 600
Debit Salaries Expense $ 400 and credit
Debit Salaries Expense $ 600 and credit
Debit Salaries Payable $ 400 and credit
Salaries Expense $ 400
Question 6 . Question : A company ' s Office Supplies account shows a beginning balance of $ 600 and an ending balance of $ 400 . If office supplies expense for the year is $ 3,100 , what amount of office supplies was purchased during the period ? Question 7 . Question : A company had no office supplies available at the beginning of the year . During the year , the company purchased $ 250 worth of office supplies . On December 31 , $ 75 worth of office supplies remained . How much should the company report as office supplies expense for the year ?