On december 1, abc co. Hired juanita perez to begin working on january 2 at a monthly salary of $4,000. Abc's balance sheet of december 31 will show a liability of
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Answer:
On December 1, ABC Co. hired Juanita Perez to begin working on January 2 ... monthly salary of $4,000. ... What is the amount of ABC's
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47870 dollars.
Explanation:
January - 129×30=3870
For February till December - 4000×11=44000
In total - 47,870 dollars.
Whenever calculation is made in months, be sure to include the current month also when the date is given, ended by the last month given in the question. In the given problem, the calculation starts from 2nd January and ends on 31st December. Therefore, while calculating the income of the 1st month, remove the income for 1 day and calculate for the rest.
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