Homework Help: accounting

Posted by Katie on Tuesday, May 18, 2010 at 1:08pm.

At the end of April, ABC company had a balance of $37,910 in vacations benefits payable account. During May, employers earned an additional $2,790 in vacation benefits, but some employee used vacation days amounting to $2,050 of vacation benefits.. The $2,050 was charged to Wage Expense when it was paid in May. What adjusting entry would ABC company make at the end of May to bring the vacation benefits payable account up to date.
Here is the answer I have but not sure if it is correct.
Vacation Benefits Expense 38,650
Vacation Benefits Payable 38,650
Thanks in advance.

No one has answered this question yet.

Answer this Question

Related Questions

Accounting - Journalize the following transactions and omit the explanations. A...
math accounting - The following information was drawn from the accounting ...
accounting - The balance in the unearned fees account before adjustment at the ...
financial accounting - The lake theater opened on april 1.all facilities were ...
accounting - Part 5 Cash Budgeting Landis Company has the following sales ...
Intro to Accounts - Hello, I really don't know where to begin Travis Fortney...
Accounting - At the beginning of April, Owl Corporation has a balance of $12,000...
accounting - 1. Sharon Kent is a realtor. She organized her business, called SK ...
accounting - Jack Shellenkamp owns and manages a computer repair service, which ...
accounting - P4-2A The adjusted trial balance columns of the worksheet for ...

For Further Reading

First Name:
School Subject:
Answer: