Business, 12.12.2019 03:31 zakwolthuis

Ndecember 31, 2020, wolfe-bache corporation failed to accrue salaries expense of $1,800. in january 2021, when it paid employees for the december 27–january 2 workweek, wolfe-bache made the following entry: salaries expense 2,520 cash 2,520 on the last day of 2020, midwest importers received a $90,000 prepayment from a tenant for 2021 rent of a building. midwest recorded the receipt as rent revenue. the error was discovered midway through 2021. at the end of 2020, dinkins-lowery corporation failed to accrue interest of $8,000 on a note receivable. at the beginning of 2021, when the company received the cash, it was recorded as interest revenue.

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Ndecember 31, 2020, wolfe-bache corporation failed to accrue salaries expense of $1,800. in january...

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