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Question - Jim Corporation has just processed its first payroll for 2022 on 1/15/22. Gross wages for the period were $30,000. Deduction were as follows: social withheld at 6.2%, medicare withheld at 1.45%, insurance withheld of $500, federal income tax withheld of $2500, united way withheld of $200. Make the journal entry to record this payroll.
Show the entry that should be made in a capital projects fund at the inception of the lease after the initial payment has been made
What entry would Anaheim National Bank make regarding its outstanding loan to Selanne Enterprises? Explain why this must be the case.
Your pizza delivery business 'Fast Pizza' has been operating for a number of months. Analyse changes in market conditions for the pizza delivery
rider industries issued 6000000 of 8 debentures on 5112 and received cash totalling 5098102. the bonds pay interest
Oro Company began operations on January 1, 2012 and appropriately uses the installment sales method of accounting. Compute the realized gross profit
Idaho that has an effective capacity of 133 furniture pieces per day and produces 123 furniture pieces per day. What is the facility utilization rate
An advertisement selling specially designed CDs of Mozart's music specifically because they will "strengthen your mind, heal your body, and unlock your creative spirit" claims that "in Japan, a brewery actually re- ported that their best sake is m..
The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online s..
At the transfer date, the security's cost exceeds its market value. What amount is used at the transfer date to record the security in the trading portfolio
What is a definition of sustainability reporting
Expected annual project revenue $3,600,000. Calculate the project's return on investment. What is the project's residual income
primara corporation has a standard cost system in which it applies overhead to products based on the standard direct
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