At the End of 2019, the Unadjusted Accounting Records Contain

question 96

Essay

At the end of 2019, the unadjusted accounting records contain the following selected accounts and balances: ​
A)The company has not paid its employees for the final 3 days in 2019. The amount owed is $2,500. How much salary expense should be reported for the year ended December 31, 2019?
B)What additional adjustments would you expect the company to make at year end that would result in additional revenue as a result of the accounts listed?

• A)The company has not paid its employees for the final 3 days in 2019. The amount owed is $2,500. How much salary expense should be reported for the year ended December 31, 2019?
• B)What additional adjustments would you expect the company to make at year end that would result in additional revenue as a result of the accounts listed?

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Definitions:

Culture Change

A significant shift in the beliefs, values, customs, and practices of a community or organization over time.

Strong-Culture Perspective

A viewpoint that emphasizes the importance of a cohesive and well-defined organizational culture for its success and effectiveness.

Organizational Culture

The collective norms, ideals, and customs that define an organization and affect the conduct of its members.

Economic Performance

An assessment of the effectiveness of an economy in terms of productivity, growth, and market health.