Dyer Service Company Had the Following Unadjusted Balances at December

question 123

Essay

Dyer Service Company had the following unadjusted balances at December 31,2016: Salaries Payable,$0;Salaries Expense,$12,000.The following transactions took place on December 31,2016:
Accrued Salaries Expense,$5,000
Closed the Salaries Expense account.
The following transaction took place on January 4,2017:
Paid salaries of $6,000.This payment included $5,000 that was accrued on December 31,2016 and $1,000 for the first few days in January 2017.
Prepare the journal entries for January 1,2017 and January 4,2017,assuming that reversing entries were made.

Understand funding sources for R&D in corporations.

Explain the decision-making process related to R&D investment.

Distinguish between entrepreneurs and other innovators.

Understand the concept of optimal R&D expenditures for firms.

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