Title: Aaa

Essay Details

Subject: Technology
Author: Rebecca S
Date: April 18, 2013
Level: University
Grade: B
Length: 3 / 617
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

GuCo had 19X5 sales of $500,000, but paid only $21,000 in commissions. How much does GuCo accrue in commissions on December 31? Mastering Adjusting Entries 20 SOLUTION 1: To compute: $500,000 sales for 19X5 x 5% = $25,000 commissions payable in 19X5. $25,000 payable – $21,000 actually paid = $4,000 accrued commissions...

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GuCo had 19X5 sales of $500,000, but paid only $21,000 in commissions. How much does GuCo accrue in commissions on December 31? Mastering Adjusting Entries 20 SOLUTION 1: To compute: $500,000 sales for 19X5 x 5% = $25,000 commissions payable in 19X5. $25,000 payable – $21,000 actually paid = $4,000 accrued commissions...

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