Business, 19.10.2020 20:01 lexusdixon3
Sheridan Company pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Sheridan accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows: Last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20. Overtime pay earned in the 2-week period ended 12/26/20 was $24000. Remaining work days in 2020 were December 29, 30, 31, on which days there was no overtime. The recurring biweekly salaries total $444000.
Assuming a five-day workweek, Sheridan should record a liability at December 31, 2020 for accrued salaries of:.
a. $266400
b. $290400
c. $133200
d. $157200
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 16:00, Jaimewillis42
Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the
Answers: 1
Business, 21.06.2019 20:40, ernie27
Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t
Answers: 2
Business, 22.06.2019 13:30, brittanysanders
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
Answers: 2
You know the right answer?
Sheridan Company pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in...
Questions in other subjects:
History, 03.10.2019 01:10
Mathematics, 03.10.2019 01:10
History, 03.10.2019 01:10
Mathematics, 03.10.2019 01:10
