Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 2, the salaried employees of lasalle comp

On April 2, the salaried employees of LaSalle Company receive their paychecks representing 8 workdays...

50.1K

Verified Solution

Question

Accounting

On April 2, the salaried employees of LaSalle Company receive their paychecks representing 8 workdays in March and 2 days in April for a total gross pay of $15,000. Other expenditures paid in April include advertising from March of $500 and property taxes for the first quarter of the year of $5,700. Property taxes for the second quarter are also expected to be $5,700. The company's vehicle was repaired on April 1 for an amount of $460 to be paid May 1. What are the expenses for April under the cash accounting method and what would they be under accrual basis accounting?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You are analyzing two companies that manufacture electronic toys—Like Games Inc. and Our Play Inc. Like...

Finance
Q

A friend sends you this P&G Mother’s Day advertisement arguing that it is a beautiful tribute...

Psychology
Q

7 M N O P gnments and MATH1507 M N O P Q R S

Basic Math
Q

mive the word problem below 24 While floating his kayak David went north down a...

Calculus
Q

Which describes the end behavior of the function As x o f x co as...

Algebra
Q

Explain in detail the rationale for your answers. Hahn Manufacturing purchases a key component...

Accounting
Q

Bill, a calendar-year taxpayer, purchased a machine for $150,200. Assume he properly deducted $30,040 of...

Accounting
Q

Foam Products, Incorporated, makes foam seat cushions for the automotive and aerospace industries. The companys...

Accounting
Q

1. A buyer of $7,700 in merchandise inventory failed to take advantage of the vendor's...

Accounting
Q

Tamar Co. manufactures a single product in one department. All direct materials are added at...

Accounting
Q

. The average...

Finance
Q

If you were to formulate a strategy to hedge the gold inventory, would you agree...

Finance