Homework Answers
| No. | Accounts | Debit | credit |
| 8 | cash | 27560 | |
| Sales | 26000 | ||
| Sales tax payable(26000*6%) | 1560 | ||
| Sales tax payable | 1560 | ||
| Cash | 1560 | ||
| 9 | cash | 26000 | |
| Sales(26000/1.06) | 24528 | ||
| Sales tax payable | 1472 | ||
| Sales tax payable | 1472 | ||
| Cash | 1472 |
Add Answer to:
8. Please make the journal entry for cash sales of $26,000 with a 6% sales tax...
Mar Apr. 31 Recorded cash sales of $160,000, plus sales tax of 8% collected for the...
Mar Apr. 31 Recorded cash sales of $160,000, plus sales tax of 8% collected for the state of New Jersey. 6 Sent March sales tax to the state. Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar, 31: Recorded cash sales of $160,000, plus sales tax of 8% collected for the state of New Jersey. (Prepare a single compound entry...
Journal Entry and T-Account Please 31 The company paid office salaries expense of $110,000 and sales...
Journal Entry and T-Account Please
31 The company paid office salaries expense of $110,000 and sales commissions expense of $35,000. Federal Income Tax withheld was $29,000. Other information related to payroll and payroll tax expense. The company recorded salaries expense and payroll tax expense. Social security taxes @ 6.2% of gross pay Medicare taxes @1.45% of gross pay Federal Unemployment of 5.4% on $36,000 of qualifying gross pay Retirement contributions were withheld from employees' paycheck totaling $7,250 These amounts were...
** THE 6 JOURNAL ENTRIES** 1. Record entry merchandise inventory purchased for cash. 2. Record entry...
** THE 6 JOURNAL ENTRIES**
1. Record entry merchandise inventory purchased for cash.
2. Record entry merchandise inventory purchased for cash.
3. Record sale of inventory for cash.
4. Record entry for cost of goods sold.
5. Record entry for operating expenses paid.
6. Record entry for income tax expenses paid.
Required information [The following information applies to the questions displayed below.) The following information pertains to the inventory of Parvin Company during Year 2 Jan. 1 Apr. 1 Oct....
please help Enter the following transactions in a cash receipts journal. Use a 5% sales tax...
please help
Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account 14 Grace Borsetti made a $1,540 payment on account 18 Cash sales for the week, $2,300, plus...
Journal entry worksheet 1 Record salaries and wages expense. Record payroll tax expense. Record salaries and...
Journal entry worksheet
1
Record salaries and wages expense.
Record payroll tax expense.
Record salaries and wage expense for fringe benefits provided
by the employer.
Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their salaries, with the contribution being matched by Alamar. The company also pays 85% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed...
es a 4% sales tax that must be a. During December, cash sales totaled $850,000 which...
es a 4% sales tax that must be a. During December, cash sales totaled $850,000 which includes a 4% sales remitted by the 15th day of the following month. b. On April 1, the company bought a truck for $40,000, paying $5,000 in cash ane 1 year 5% note for the balance. coin cash and signing, a Create all appropriate journal entries. Prepare any adjusting entries required on December 31. Gilbert Company issues $410,000. 9% bonds due in 11 years...
Problem 10-5 Acquisition costs; journal entries (LO10-1, 10-3, 10-6, 10-8) Consider each of the transactions below....
Problem 10-5 Acquisition costs; journal entries (LO10-1, 10-3, 10-6, 10-8) Consider each of the transactions below. All of the experniditures were made in cosh. 1 The Edison Company spent $26,000 during the year for experimental purposes in connection with the development of a new product. 2 In Apri, the Marshall Company lost a patent infringement suit and pald the plainntiff $9,000. 3. In March, the Cleanway Laundromat bought equipment Cleanway paid $20,000 down and signed a noninterest bearing note requiring...
please do a journal entry for a-j. AKA 1-10 then k-p AKA 1-6 NNO Drs. Glenn...
please do a journal entry for a-j. AKA 1-10
then k-p AKA 1-6
NNO Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows: Account Titles Debit Credit Cash $ 6 Accounts Receivable Supplies Equipment Accumulated Depreciation $ 2 Software Accumulated Amortization 3 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable...
General journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
• Please post this Payroll journal entry: Total Payroll for week ending 7/1/2015 is as follows:...
• Please post this Payroll journal entry: Total Payroll for week ending 7/1/2015 is as follows: Gross Payroll $100,000.00. The employer withholds the following: Federal Taxes Payable: $15,000 State Taxes Payable: $5,000 FCIA Taxes Payable: $ 7,650 After withholding the employee's net pay was $72,350.00. Please post the entries: Debit Credit Salaries expense: Federal Taxes Payable State Taxes Payable FICA Taxes Payable Cash Payroll Tax Entry: To continue assume that state unemployment taxes are $1,500.00 and Federal unemployment taxes are...
Mar Apr. 31 Recorded cash sales of $160,000, plus sales tax of 8% collected for the state of New Jersey. 6 Sent March sales tax to the state. Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar, 31: Recorded cash sales of $160,000, plus sales tax of 8% collected for the state of New Jersey. (Prepare a single compound entry...
Journal Entry and T-Account Please
31 The company paid office salaries expense of $110,000 and sales commissions expense of $35,000. Federal Income Tax withheld was $29,000. Other information related to payroll and payroll tax expense. The company recorded salaries expense and payroll tax expense. Social security taxes @ 6.2% of gross pay Medicare taxes @1.45% of gross pay Federal Unemployment of 5.4% on $36,000 of qualifying gross pay Retirement contributions were withheld from employees' paycheck totaling $7,250 These amounts were...
** THE 6 JOURNAL ENTRIES**
1. Record entry merchandise inventory purchased for cash.
2. Record entry merchandise inventory purchased for cash.
3. Record sale of inventory for cash.
4. Record entry for cost of goods sold.
5. Record entry for operating expenses paid.
6. Record entry for income tax expenses paid.
Required information [The following information applies to the questions displayed below.) The following information pertains to the inventory of Parvin Company during Year 2 Jan. 1 Apr. 1 Oct....
please help
Enter the following transactions in a cash receipts journal. Use a 5% sales tax rate. Total and rule the journal. If an amount box does not require an entry, leave it blank. Feb. 2 John Door made an $890 payment on account. 7 Cash sales for the week, $2,140, plus sales tax. 11 Tom Chovin made a $600 payment on account 14 Grace Borsetti made a $1,540 payment on account 18 Cash sales for the week, $2,300, plus...
Journal entry worksheet
1
Record salaries and wages expense.
Record payroll tax expense.
Record salaries and wage expense for fringe benefits provided
by the employer.
Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their salaries, with the contribution being matched by Alamar. The company also pays 85% of medical and life insurance premiums. Deductions relating to these plans and other payroll information for the first biweekly payroll period of February are listed...
es a 4% sales tax that must be a. During December, cash sales totaled $850,000 which includes a 4% sales remitted by the 15th day of the following month. b. On April 1, the company bought a truck for $40,000, paying $5,000 in cash ane 1 year 5% note for the balance. coin cash and signing, a Create all appropriate journal entries. Prepare any adjusting entries required on December 31. Gilbert Company issues $410,000. 9% bonds due in 11 years...
Problem 10-5 Acquisition costs; journal entries (LO10-1, 10-3, 10-6, 10-8) Consider each of the transactions below. All of the experniditures were made in cosh. 1 The Edison Company spent $26,000 during the year for experimental purposes in connection with the development of a new product. 2 In Apri, the Marshall Company lost a patent infringement suit and pald the plainntiff $9,000. 3. In March, the Cleanway Laundromat bought equipment Cleanway paid $20,000 down and signed a noninterest bearing note requiring...
please do a journal entry for a-j. AKA 1-10
then k-p AKA 1-6
NNO Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows: Account Titles Debit Credit Cash $ 6 Accounts Receivable Supplies Equipment Accumulated Depreciation $ 2 Software Accumulated Amortization 3 Accounts Payable Notes Payable (short-term) Salaries and Wages Payable...
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
• Please post this Payroll journal entry: Total Payroll for week ending 7/1/2015 is as follows: Gross Payroll $100,000.00. The employer withholds the following: Federal Taxes Payable: $15,000 State Taxes Payable: $5,000 FCIA Taxes Payable: $ 7,650 After withholding the employee's net pay was $72,350.00. Please post the entries: Debit Credit Salaries expense: Federal Taxes Payable State Taxes Payable FICA Taxes Payable Cash Payroll Tax Entry: To continue assume that state unemployment taxes are $1,500.00 and Federal unemployment taxes are...
Most questions answered within 3 hours.
-
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 57 minutes ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 1 hour ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 2 hours ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 3 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 4 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 6 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 7 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 7 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 9 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 9 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 9 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 10 hours ago