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General Fund payrolls for the year totaled $3,822,600. Of that amount, $472,040 was withheld for employees' federal income taxes; $291,740 for employees' share of FICA taxes; $171,610 for employees' state income taxes; and the remaining $2,887,210 was paid to employees in cash. The City of Smithville does not record encumbrances for payrolls. The payrolls were chargeable against the following functions' appropriations:
General Government $ 476,376
Public Safety 2,013,110
Public Works 612,881
Health and Welfare 397,673
Culture and Recreation 322,560
Total $3,822,600
How would you record this in the general journal?
No dividends were paid the previous 2 years. If Koon declares $400,000 of dividends in the current year, how much will preferred stockholders receive if the preferred stock is cumulative?
The product design team at New Time Products is in the process of designing a new clock using target costing. Product features in comparison to competing prodcuts suggest a price of $30 per unit. The company requires a profit of 30 percent of sel..
Saxe uses the straight-line method of amortization and intends to hold the notes to maturity. In its October 31, 2001 balance sheet, the carrying amount of this investment should be
The cost of which of the following expenses is NOT deductible as a medical expense on Schedule A, before the 7.5% of adjusted gross income limitation?
Madison Industries is a manufacturer of sweaters. The information for March is as follows: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
linda pays 100000 cash for jerrys frac14 interest in the jill partnership. the partnership has a sec. 754 election
The following information was available to the accountant of R&G Company when preparing the monthly bank reconciliation:
What balance will be reported on the December 31, 2010 balance sheet for Accumulated Depreciation?
• How much is debt service funds for payments of principal over the life of the bonds?
The difference between the equipment account balance and the accumulated depreciation, equipment account balance is called:
During the year, additional common stock was issued for $8,000, and $5,000 of dividends was paid. The net assets at January 1, 2010, amounted to:
a company has identified the following overhead costs and cost drivers for the coming year budgeted direct labor cost
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