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![No. a) [Vacation pay earned by employees for the period] Account Titles & Explan Debit Credit Vacation Pay Expense $21,500 Va](http://img.homeworklib.com/questions/630bbcb0-77c9-11ea-8812-8778a5cc2adb.png?x-oss-process=image/resize,w_560)
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Instructions an Employees earned vacation pay of 21,500 for the period. The pension formula calculated a...
Instructions The payroll register of Heritage Co. indicates $14,200 of social security withheld and $3,570 of...
Instructions The payroll register of Heritage Co. indicates $14,200 of social security withheld and $3,570 of Medicare tax withheld on total salaries of $230,000 for the period. Earnings of $30.000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.80% and the state rate of 6.40% Joumalize the entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of accounts Chart of Accounts ASSETS 110 Cash...
Instructions Quantas industries sold $280,000 of consumer electronics during January under a one year warranty. The...
Instructions Quantas industries sold $280,000 of consumer electronics during January under a one year warranty. The cost to repair defects under the warranty is estimated at 5 June 20, a customer was given $143 cash under terms of the warranty of the sales price Journalize the entry to record (a) the estimated warranty expense on January 31 for January sales on page 10 of the journal and (b) the June 20 warranty work on page 14 of the journal Refer...
A business issued a 60-day note for $96,000 to a bank. The note was discounted at 9%. Journalize the entries to record (...
A business issued a 60-day note for $96,000 to a bank. The note was discounted at 9%. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to nearest whole dollar. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115 Inventory 116...
Payroll entries Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the...
Payroll entries Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,560,000 Social security tax withheld 93,600 Medicare tax withheld 23,400 312,000 Federal income tax withheld In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $254,000 of salaries. Required: A. Journalize the entry to record the payroll for the week of April 29.* B. Journalize the entry to...
Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the week ended...
Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries Social security tax withheld $1,440,000 86,400 21.600 Medicare tax withheld Federal income tax withheld 288,000 In addition, state and federal unemployment taxes were calculated at the rate of 5,4% and 0.8%, respectively, on $24,000 of salaries Required: A. Journalize the entry to record the payroll for the week of April 29 B. Journalize the entry to record the...
Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 4%...
Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 4% note for $275,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. Journal a. Journalize the entries to record the issuance of the note on January 1....
A business issued a 45-day, 4% note for $250,000 to a creditor on account Joumate theme...
A business issued a 45-day, 4% note for $250,000 to a creditor on account Joumate theme to record the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Assume a 360 day year. Refer to the Chart of Accounts for exact wording of account thes CHART OF ACCOUNTS General Ledger w EVER ASSETS 110 Cash REVENUE 410 Sales 610 Interest Revenue 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115...
The payroll register for D. Salah Company for the week ended May 18 indicated the following:...
The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $555,000 Federal income tax withheld 111,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $10,545 of salaries. Required: a. Journalize the entry to record the payroll for the week of May 18.* b. Journalize the entry to...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,440,000 86,400 Social security tax withheld Medicare tax withheld Federal income tax withheld 21,600 288,000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: A. Joumalize the entry to record the payroll for the week of April 29." B. Journalize the entry to record the payroll tax expense incurred for the...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,500,000 Social security tax withheld 90,000 Medicare tax withheld 22,500 Federal income tax withheld 300,000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: A. Journalize the entry to record the payroll for the week of April 29.* B. Journalize the entry to record the payroll tax expense incurred for the...
Instructions The payroll register of Heritage Co. indicates $14,200 of social security withheld and $3,570 of Medicare tax withheld on total salaries of $230,000 for the period. Earnings of $30.000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.80% and the state rate of 6.40% Joumalize the entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of accounts Chart of Accounts ASSETS 110 Cash...
Instructions Quantas industries sold $280,000 of consumer electronics during January under a one year warranty. The cost to repair defects under the warranty is estimated at 5 June 20, a customer was given $143 cash under terms of the warranty of the sales price Journalize the entry to record (a) the estimated warranty expense on January 31 for January sales on page 10 of the journal and (b) the June 20 warranty work on page 14 of the journal Refer...
Payroll entries Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,560,000 Social security tax withheld 93,600 Medicare tax withheld 23,400 312,000 Federal income tax withheld In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $254,000 of salaries. Required: A. Journalize the entry to record the payroll for the week of April 29.* B. Journalize the entry to...
Instructions Chart of Accounts Journal Instructions The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries Social security tax withheld $1,440,000 86,400 21.600 Medicare tax withheld Federal income tax withheld 288,000 In addition, state and federal unemployment taxes were calculated at the rate of 5,4% and 0.8%, respectively, on $24,000 of salaries Required: A. Journalize the entry to record the payroll for the week of April 29 B. Journalize the entry to record the...
Entries for notes payable Instructions Chart of Accounts Journal Instructions A business issued a 45-day, 4% note for $275,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Assume a 360-day year. Refer to the Chart of Accounts for exact wording of account titles. Journal a. Journalize the entries to record the issuance of the note on January 1....
A business issued a 45-day, 4% note for $250,000 to a creditor on account Joumate theme to record the issuance of the note on January 1 and (b) the payment of the note at maturity, including interest. Assume a 360 day year. Refer to the Chart of Accounts for exact wording of account thes CHART OF ACCOUNTS General Ledger w EVER ASSETS 110 Cash REVENUE 410 Sales 610 Interest Revenue 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,440,000 86,400 Social security tax withheld Medicare tax withheld Federal income tax withheld 21,600 288,000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: A. Joumalize the entry to record the payroll for the week of April 29." B. Journalize the entry to record the payroll tax expense incurred for the...
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