User Account

All Pages

How do prepare the journal entries to record the payroll

Assignment Help Accounting Basics
Reference no: EM132605802

Harold Munster earned $2,400 in wages and $650 in sales commissions for the month of November. Harold's payroll deductions include income tax of 15 percent, Canada Pension of 4.95 percent on earnings and Employment Insurance of 1.83 percent on earnings.

Question 1: Prepare the journal entries to record the payroll and the payroll taxes imposed on Harold Munster. Explanations are not required and ignore the annual exemption for the CPP calculation.

Reference no: EM132605802

Questions Cloud

What are the consolidated retained earnings : Hammock Inc., If Hammock uses the partial equity method for net income, what are the consolidated retained earnings on 12/31/17?
Build workplace relationships : List two ways you could use network to build workplace relationships?
Roles of healthcare professionals : What distinction can you make between physicians/healthcare providers working in a fee-for-service system and a value-based care system?
How change in competitiveness affects equilibrium quantity : International trade can have big effects on domestic markets. For both an import good and an export good (in other words, address each bulleted item below twice
How do prepare the journal entries to record the payroll : How do Prepare the journal entries to record the payroll and the payroll taxes imposed on Harold Munster. Explanations are not required and ignore
Explain how using edi facilitates electronic transactions : Imagine you are the office manager at a small doctor's office. As the office manager, you are in charge of educating new employees.
Reflect upon the patient experience : Reflect upon the patient experience, patient safety, and healthcare cost as well as Joint Commission's role in quality healthcare.
Provide an audit procedure which would have brought the item : Provide an audit procedure which would have brought the item to your attention. Discuss if the various items should or should not be disclosed
What you have learned to your professional lives : In this discussion question you have the opportunity to be creative and to relate what you have learned to your professional lives. Please explore.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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