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Technology

 

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March 22, 2002

 

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3 / 617

 

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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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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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