Question

t the sociale my of the poll of Stand Company. 450 000 Wa According to Medicare Pesterlin and 500,000 was wat so the d A was $95.000 $15.000 W om Hae 4.29.) and federal (3) c e s Thermal entry to record the word proces winde det to SUTA Payable for 56.30 b. de SUTA Payable for $18.900 credit to SUTA Payable for 56.10 1 SUTA Payable for $18.900 the u se of converting an existing account payable

please correct answers!:(

Answer 1

Answer to Q.16 is OPTION (C)credit to SUTA Payable for $630. Calculation is done as [$15,000*4.2%=$630]

Answer to Q. 18 is OPTION (D) Capital expenditure since capital expenditure are defined as those expenditure that increase the working capacity or utility of fixed assets for more than one accounting period otherwise they are treated as revenue expenditure.

Answer to Q.22 is OPTION (B) $30,000 since straight line depreciation is calculated on depreciable cost of the fixed asset and not on the purchased cost for the useful life. Calculation is as follows [$90,000/3years=$30,000]