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The final pay period of the year will not be paid to employees until January 4, 2019. The company will accrue the wages for the final pay period only. Because the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be issued for this pay period since they will be paid in the following year and reflected on the Employee Earning Record forms for each employee when paid. The remainder of the employer liability will be paid with the final filing for the year.
The company pays for Christmas Eve and the day of Christmas for 2018. Employees will be paid for both Monday and Tuesday as holiday pay. Standard time for the pay period was 88 hours, but employees worked extra hours on Saturday during the week of 12/24-12/28. Reminder, holidays and vacations are not included as hours worked for calculation of overtime.
Question 1: Complete the Employee Gross Pay tab.
Question 2: Complete the Payroll Register for December 31.
Question 3: Complete the General Journal entries for the December 31 payroll.
Question 4: Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger.
Write an essay explain what checks should they look at during the requirements review and explain requirements management planning of the project.
Discussion of both the advantages and disadvantages of minimum wage laws - The U.S. Department of Labor has imposed a minimum wage since 1938. Most states mandate minimum hourly wage rates, too.
a business is operating at 90 of capacity and is currently purchasing a part used in its manufacturing operations for
Prepare journal entries to record the preceding information for the fourth quarter.2.Show what the bank reports on its fourth quarter 2019
In both employee surveys BIMS used all three levels of measurement to analyze the data collected. In reviewing the findings from the employee survey, the ultimate goal was to get the overall census of the employees on the survey questions.
What is the difference between a cost center and a profit center? Describe the difference between a centralized and a decentralized management style
The trial balance of Seashell Restaurant at December 31, 2010, and the data needed for the month-end adjustments follow: Prepare the adjusted trial balance.
Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some items have been excluded from the schedules.
Morning Fresh Company uses a job-order costing system. Manufacturing overhead is applied to Work in Process inventory. What was the cost of goods manufactured?
The following company information is available: Average accounts receivable $100,000. What is the company's accounts payable turnover ratio
An 8-year corporate bond has a yield of 8.3 percent, which includes a liquidity premium of 0.75 percent. What is its default risk premium
Record Wayne's admission for each of the following independent situations: Wayne directly purchases half of Merina's investment in the partnership
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