See the transactions to Monaco & Associates. The journal entry to record the October 31 transaction will include a credit to
a. Salaries Expense
b. Salaries Payable
c. Prepaid Salaries
d. Cash
d
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Which is true concerning demonstrations?
a. Demonstrations should be done only by the person presenting. b. Demonstrations should always include volunteers from the audience. c. Demonstrations will distract from the speaker. d. Demonstrations should be done with an assistant if necessary.
In applying the first-in, first-out method of costing inventories, if 8,000 units which are 30% completed are in process at June 1, 28,000 units are completed during June, and 4,000 units were 75% completed at June 30, the number of equivalent units of production for June was 33,400
Indicate whether the statement is true or false
The best opening for a solicited cover message is ________
A) Please consider this letter an application for the payroll manager position. B) I am interested in applying for the payroll manager position. C) Brad Schulte of your accounting department suggested that I apply for the payroll manager position that is currently vacant. D) I happened to run across your online ad for a payroll manager position and would like to apply.
Wakefield Company uses a perpetual inventory system. In August, it sold 2,000 units from its LIFO-base inventory, which had originally cost $35 per unit. The replacement cost is expected to be $45 per unit. The company is planning to reduce its inventory and expects to replace only 1,500 of these units by December 31, the end of its fiscal year. The company replaced 1,500 units in November at an actual cost of $50 per unit.Based on the preceding information, in the entry to record the replacement of the 1,500 units in November, Inventory will be debited for:
A. $75,000. B. $67,500. C. $52,500. D. $60,000.