Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance for Jenning Co Employees are owed $750 for services since the last payday in July, to be paid the first week in August. The amount to be reported in the July income statement for salaries expense is:
a. $750
b. $8,550
c. $7,050
d. $7,800
b
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Which of the following is included in the Gross Domestic Product calculations:
A. Bartered exchange of a cow and an electric generator. B. Specialty oranges grown exclusively for shipment to, and purchase by, Japanese customers. C. Purchase of a dining room table and four matching chairs at a yard sale. D. Black market purchase of one case of moonshine whiskey. E. An attorney gives free legal advice to a relative.
A(n) ___________ is housing intended for and solely occupied by persons 62 years of age or older, or intended and operated for occupancy by persons of 55 years of age or older.
a. senior citizen housing project b. Section 8 housing project c. common interest development (CID) d. cooperative housing project