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Use the following information to calculate cash paid for wages and salaries: Salaries expense: $167,938 Salary...
Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable,...
Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable, January 1 Salaries payable, December 31 $169,000 6,500 10,800 Multiple Choice 0 $175,500 0 $158.200 0 $169,000 0 O $173,300 0 $164,700
Use the following information to calculate cash paid for income taxes: Income tax expense Income tax...
Use the following information to calculate cash paid for income taxes: Income tax expense Income tax payable, January 1 Income tax payable, December 31 $50,000 9,000 7,000
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A)...
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A) Balance sheet: expense on the balance sheet B) Balance sheet: liability on the income statement C) Income statement: liability on the balance sheet D) Income statement: expense on the income statement 7) In addition to requiring that the accounting equation remain in balance, the double-entry system also requires that: A) the total dollar amount of debits must equal the total dollar amount of credits....
pay IU JUPT 5-39 Cash Paid to Employees Northgate Publishers, Inc., reported Wage and Salary Expense...
pay IU JUPT 5-39 Cash Paid to Employees Northgate Publishers, Inc., reported Wage and Salary Expense of $220,000 on its 20X1 income statement. It reported cash paid to employees of $185,000 on its statement of cash flows. The beginning balance of Accrued Wages and Salaries Payable was $18,000. What was the ending balance in Accrued Wages and Salaries Payable? Ignore payroll taxes. inting Activities was $185,000 on rev-
Service revenues and Salaries and wages expense as well. This information relates to McCall Real Estate...
Service revenues and Salaries
and wages expense as well.
This information relates to McCall Real Estate Agency. Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $36,000. Oct. 1 Buys office furniture for $3,800, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time). Receives cash of $140 as commission for acting as rental agent renting...
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming...
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7,000 payment of salaries in January of the following year? Multiple Choice 0 salaries Expens 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000 3,200 Salaries Payable Cash 3,200 3,200 Salaries Expense Salaries Payable 3,200 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000...
wages expense for may wages expense for june balance of liability for wages payable on may...
wages expense for may
wages expense for june
balance of liability for wages payable on may 31st
Below is the time card for Sabrina Anderson, the only employee of Shannon Company, Sabrina is paid $10 per hour, and worked the hours as show below. May 30 May 31 June 1 June 2 June 3 total Sabrina Time Card 8 hours 8 hours 8 hours 8 hours 8 hours 40 hours In the space below answer the following: a) Wages expense...
The balance sheets of Red House Painters include the following: Interest Receivable Supplies Salaries and Wages...
The balance sheets of Red House Painters include the following: Interest Receivable Supplies Salaries and Wages Payable Unearned Service Revenue 21/31/18 21/31/17 $0 $4,300 3,000 5,000 3,800 5,600 4,000 0 The income statement for 2018 shows the following: Interest Revenue $18,400 Service Revenue 72,700 Supplies Expense 8,700 Salaries and Wages Expense 39,000 Calculate the following for 2018: 1. Cash received for interest. $ $ 2. Cash paid for supplies. 3. Cash paid for salaries and wages. $ The income statement...
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable. b.debiting Salaries Expense and crediting Cash. c.debiting Cash and crediting Salaries Expense. d.debiting Salaries Expense and crediting Capital.
Current Attempt in Progress A company shows a balance in Salaries and Wages Payable of $37900...
Current Attempt in Progress A company shows a balance in Salaries and Wages Payable of $37900 at the end of the month. The next payroll amounting to $47800 is to be paid in the following month. What will be the journal entry to record the payment of salaries? Salaries and Wages Expense Cash 9900 9900 Salaries and Wages Expense Salaries and Wages Payable 47800 47800 Salaries and Wages Expense 47800 Cash 47800 Salaries and Wages Expense Salaries and Wages Payable...
Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable, January 1 Salaries payable, December 31 $169,000 6,500 10,800 Multiple Choice 0 $175,500 0 $158.200 0 $169,000 0 O $173,300 0 $164,700
Use the following information to calculate cash paid for income taxes: Income tax expense Income tax payable, January 1 Income tax payable, December 31 $50,000 9,000 7,000
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A) Balance sheet: expense on the balance sheet B) Balance sheet: liability on the income statement C) Income statement: liability on the balance sheet D) Income statement: expense on the income statement 7) In addition to requiring that the accounting equation remain in balance, the double-entry system also requires that: A) the total dollar amount of debits must equal the total dollar amount of credits....
pay IU JUPT 5-39 Cash Paid to Employees Northgate Publishers, Inc., reported Wage and Salary Expense of $220,000 on its 20X1 income statement. It reported cash paid to employees of $185,000 on its statement of cash flows. The beginning balance of Accrued Wages and Salaries Payable was $18,000. What was the ending balance in Accrued Wages and Salaries Payable? Ignore payroll taxes. inting Activities was $185,000 on rev-
Service revenues and Salaries
and wages expense as well.
This information relates to McCall Real Estate Agency. Stockholders invest $30,000 in exchange for common stock of the corporation. Hires an administrative assistant at an annual salary of $36,000. Oct. 1 Buys office furniture for $3,800, on account. Sells a house and lot for E. C. Roads; commissions due from Roads, $10,800 (not paid by Roads at this time). Receives cash of $140 as commission for acting as rental agent renting...
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7,000 payment of salaries in January of the following year? Multiple Choice 0 salaries Expens 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000 3,200 Salaries Payable Cash 3,200 3,200 Salaries Expense Salaries Payable 3,200 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000...
wages expense for may
wages expense for june
balance of liability for wages payable on may 31st
Below is the time card for Sabrina Anderson, the only employee of Shannon Company, Sabrina is paid $10 per hour, and worked the hours as show below. May 30 May 31 June 1 June 2 June 3 total Sabrina Time Card 8 hours 8 hours 8 hours 8 hours 8 hours 40 hours In the space below answer the following: a) Wages expense...
The balance sheets of Red House Painters include the following: Interest Receivable Supplies Salaries and Wages Payable Unearned Service Revenue 21/31/18 21/31/17 $0 $4,300 3,000 5,000 3,800 5,600 4,000 0 The income statement for 2018 shows the following: Interest Revenue $18,400 Service Revenue 72,700 Supplies Expense 8,700 Salaries and Wages Expense 39,000 Calculate the following for 2018: 1. Cash received for interest. $ $ 2. Cash paid for supplies. 3. Cash paid for salaries and wages. $ The income statement...
Current Attempt in Progress A company shows a balance in Salaries and Wages Payable of $37900 at the end of the month. The next payroll amounting to $47800 is to be paid in the following month. What will be the journal entry to record the payment of salaries? Salaries and Wages Expense Cash 9900 9900 Salaries and Wages Expense Salaries and Wages Payable 47800 47800 Salaries and Wages Expense 47800 Cash 47800 Salaries and Wages Expense Salaries and Wages Payable...
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