User Account

All Pages

Complete molten bi-weekly payroll journal entries

Assignment Help Accounting Basics
Reference no: EM132620673

Question - Molten Models Inc. has two employees. Kim, an engineer who designs volcano themed merchandise and maintains the machines, and Wren, a machinist who mass produces the items. Kim earns $54,000 per year while Wren earns $3,800 each month. Showing all your work, complete Molten's bi-weekly payroll journal entries for November 30th (Ignore any exempt amounts in your calculations). Also, make the journal entry for MONTHLY payroll remittance to the CRA on December 15.

Reference no: EM132620673

Questions Cloud

Make an income statement in good form for april : Prepare an Income Statement in good form for April. Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement
How do you determine who is the employer of the workers : A staffing firm provides landscaping services for clients on an ongoing basis. The staffing firm selects and pays the workers, provides health insurance.
Explain the audit procedures for acquisition : Explain the audit procedures for acquisition and disposal of property, plant, and equipment related to the occurrence, accuracy, and completion assertions.
Which strategy important for your community : Next, think about the community in which you live. Which strategy do you think would be most important for your community to implement to minimize risk.
Complete molten bi-weekly payroll journal entries : Kim earns $54,000 per year while Wren earns $3,800 each month. Showing all your work, complete Molten's bi-weekly payroll journal entries
Discuss about the major disaster declaration : Have you or someone you have known ever been in a situation where there was a major disaster declaration? If not, imagine that you were involved in one.
List two potential positions of professional relevance : List at least two potential positions (including a link to the job posting or job description) that you personally found to be interesting or surprising
Identify SIX STRENGTHS in Jetham control environment : Identify SIX STRENGTHS in Jetham's control environment in respect of non-current assets and explain why they may reduce control risk
Relational database using a database management system : Design a relational database for a provided scenario utilising tools and techniques including ER diagrams, relation models and normalisation

Reviews

Write a Review

Accounting Basics Questions & Answers

  The building has a useful life of 25 years and no salvage

1.lloyd christmas ltd.s accounting records reflect the following account balances

  Analyze the major steps related to planning the audit

Go to the PCAOB Website (http://pcaobus.org/Pages/default.aspx) to review the internal control requirements (Auditing Standard No. 5). Next, analyze the major steps related to planning the audit

  How many widgets does the company need to sell

Total fixed costs per month are $375,000. How many widgets does the company need to sell each month to break-even

  On july 1 2010 ellison company granted sam wine an employee

on july 1 2010 ellison company granted sam wine an employee an option to buy 400 shares of ellison co. stock for 30 per

  Accounting equation effects and prepare the journal entries

A local theater company sells 1,500 season ticket packages at a price of $ 250 per package. The first show in the ten-show season starts this week. Show the accounting equation effects and prepare the journal entries related to (a) The sale of the s..

  Disastrous weather conditions often occur

Suppose a company has a facility located where disastrous weather conditions often occur. Should it report a probable loss from a future disaster as a liability on its balance sheet? Why or why not?

  Profit for investment purposes

‘The classical system of corporation tax is useful because it causes companies to retain more profit for investment purposes.' Discuss.

  What do you understand by operating costs

Workings should be clearly given. Depreciation is charged on time basis. Also prepare the Contractee's account and show how these accounts should appear in the Balance Sheet as on 31st December, 2009.

  What is the face value of the bond

On July 1, 20X4, MPT bought 100,000 of General Company Inc.'s bonds for $250,000 plus brokerage costs of $145. What is the face value of the bond

  Does managerial accounting have to follow gaap

Does managerial accounting have to follow GAAP. Explain why or why not

  Prepare the journal entries at the end of all three years

Prepare the journal entries at the end of all three years to record current and deferred taxes. Indicate the balance in the related deferred tax account

  The peace barber shop employs four barbers one barber who

the peace barber shop employs four barbers. one barber who also serves as the manager is paid a salary of 1800 per

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd