Credit salaries payable for the net pay

Reference no: EM136120

Received the subsequent data on the monthly payroll from the payroll clerk: Direct Labor (already recorded) $23,016.50 New payroll data (to be recorded): Factory: Indirect labor $11,220.00 Superintendent's salary 3,100 Nonfactory: Sales salaries 11,220.00 Officer's salaries 7,140.00 Office salaries 6310.10 record the monthly payroll in the general journal. Salaries for indirect labor are recorded only at the need of the month. Debit Factory Overhead for indirect Labor and Superintendent's salaries, debit other salary expense accounts for the related ammounts, credit FICA Tax Payable for 7.5 % of gross pay, credit Employees' income tax Payable for 15 percent of gross pay, and credit salaries payable for the net pay.

Reference no: EM136120

Questions Cloud

Explain the pre-infectional and post -infectional processes : Approximately half of our vitamin K is synthesized by bacteria in the colon. Based on this information, why might taking a broad spectrum antibiotic produce frequent nosebleeds.

Represent the possible frequencies of each genotype : What fraction of offspring of the cross AabbDd x AaBbdd are expected to have the same phenotype as either one of their parents assume that all three genes are on different chromosomes.

Who loves pixar as well as dreamworks digital animation : Who loves Classic Disney? Who loves Pixar as well as DreamWorks digital animation? Who loves one type more than another? Why? What stands out about one that the other can't capture? If you favour digital to classic hand drawn (or vice-versa) tell ..

Describe the tonicity of the external solution : How would you answer to a person who argued that there is nothing to worry about because natural systems, through natural succession, will heal the wounds of human activities and restore the balance of nature.

Credit salaries payable for the net pay : FICA Tax Payable for 7.5 % of gross pay, credit Employees' income tax Payable for 15 percent of gross pay, and credit salaries payable for the net pay.

Write out the dna sequence : What series could you use to make a beta barrel with twelve antiparallel strands? Write out one repeat of the sequence as follows: M-(your sequence) 12.

Evaluate the amount of depreciation expense : Evaluate the amount of depreciation expense recognized in Year 2, Year 3, and Year 4 under (a) the revaluation model of IAS 16 and (b) U.S. GAAP. Evaluate the book value of the building under the two different sets of accounting rules at 2 nd Janu..

The structure of genes inside a childs brain : If amino acid sequences might be useful in determining how closely related dissimilar species are but may not be very useful for identifying a particular species, suggest two reasons why.

Provide the proper journal entries : Give the proper journal entries for each of the subsequent occurred in 2011.

User Account

All Pages