User Account

All Pages

Prepare a journal entry to accrue the weeks salaries expense

Assignment Help Financial Accounting
Reference no: EM132812401

A company has 90 employees and a weekly payroll of $117,000. The FICA-social security tax withheld totals $7,254 and the FICA-Medicare tax withheld totals $1,696.50. The total withholding for federal income tax is $16,500.

Problem 1: Prepare a journal entry to accrue this weeks salaries expense and withholdings.

Reference no: EM132812401

Questions Cloud

What is the loss on factoring for alpha corporation : What is the loss on factoring? Attached to the accounts receivable is an allowance for doubtful accounts of P74,000. Alpha received proceeds of P1,450,000
What type of communication should harmony use for family : Harmony meets with the Rainwater family to discuss treatment options for Mrs. Rainwater. What type of communication should Harmony use for this family with.
Properties of workflow management systems : What is a customer supported collaborative working system - give an example? What are the properties of Workflow Management systems?
What does carrying capacity mean : 1. What does carrying capacity mean? Provide an example from your local tourism industry.
Prepare a journal entry to accrue the weeks salaries expense : A company has 90 employees and a weekly payroll of $117,000. Prepare a journal entry to accrue this weeks salaries expense and withholdings.
Data security in cloud computing : Describe your topic. Identify research in the area any models/theories developed in the area.
Demonstrate what amount of operating income would increase : Create an incremental analysis schedule to demonstrate what amount of operating income would increase or decrease as a result of accepting the special order.
How collaboration tools can improve team communication : Discuss how collaboration tools can improve team communication. Discuss how this new collaboration IS could provide competitive advantages for your organization
Calculate earnings per share for american health systems : Assume that American Health Systems can earn 5 percent on the proceeds. Calculate earnings per share. (Do not round intermediate calculations)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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