User Account

All Pages

Prepare any journal entries needed as of month end

Assignment Help Managerial Accounting
Reference no: EM13523285

Employees earned salaries of $10,000 during the month which the company expected to pay next month. The company was preparing the financial statements as of month end. The FICA rate is 7.65%, federal and state income taxes withheld were $2,000, union dues were $150 and state umployment taxes (employer tax) were $450 for that payroll. Prepare any journal entries needed as of month end.

Reference no: EM13523285

Questions Cloud

Determine the conversion factor : In astronomy, a parsec ( pc) is de ned as the distance at which an object with a size of 1 astronomical unit (AU) would subtend an angle of 1 arc-second
Frank sibleys aesthetic and nonaesthetic concepts : I'm doing a report on Frank Sibley's Aesthetic and Nonaesthetic Concepts, and I dont even know what he's trying to say and I'm supposed to criticize it.
Explain the sodium hypochlorite oxidation of cyclohexanol : Compare the proposed reaction mechanism for the sodium hypochlorite oxidation of cyclohexanol with that involved in the chromic acid oxidation. Do you notice any similarities
Peter oiler and winn-dixie stores : Winn- Dixie Stores fired Peter Oiler, a truck driver who worked for the Louisiana supermarket chain for 21 years. Oiler loaded groceries from the companys warehouse and drove them to Winn- Dixie stores in Louisiana and Mississippi. A good worker, he ..
Prepare any journal entries needed as of month end : federal and state income taxes withheld were $2,000, union dues were $150 and state umployment taxes (employer tax) were $450 for that payroll. Prepare any journal entries needed as of month end.
Define how many kilojoules are released when c2h4 reacts : Consider the reaction, C2H4(G) + H2(G) > C2H6(G), WHERE ?H = -137 kJ. how many kilojoules are released when 55.3 g of C2H4 reacts
Prepare journal entries to record the transactions : Prepare journal entries to record the transactions described - prepare the December 31, 2011, stockholders' equity section. Assume 2011 net income was $330,000
What charge now rests on the outer surface of the sphere : We have a hollow metallic sphere with charge -5.0 µC and radius 5.0 cm. What charge now rests on the outer surface of the sphere
Wall street-its a mans world : Since 1996 several sexual discrimination suits have been brought against traditionally male- dominated Wall Street investment firms, including Merrill Lynch, Smith Barney, and Morgan Stanley. In 1998, Smith Barney was forced to pay $ 100 million t..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Budget constraints in two period model

Explain how the budget constraint of househould in two-period model is affected by each of the following changes. In each case, do you think the household is better off or worst off or is the answer ambiguous?

  Allocate joint production costs to each product

Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II.

  What kind of system works best in what kinds of companies

What kind of system makes sense for your company, given that you plan to start with only one version of your product but at some point in the future may offer a variety of options?

  Determine the cost per equivalent unit for direct materials

Determine the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

  What is the correct net income for 2014

Pettit Company reports net income of $90,000in 2014. However, ending inventory was understated $7,000. What is the correct net income for 2014?

  Find a manufacturing companys annual report

Explain your analysis of the firm, and make recommendations for improvement - Find a manufacturing company's annual report

  What is the unit product cost for the month

What is the unit product cost for the month under variable costing and what is the unit product cost for the month under absorption costing?

  Discuss the stance and initiatives of australian accounting

Consider the above. Discuss the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR)Include your views on the role of accounting and the accountant on CSR.

  Find an article about a specific company

Find an article about a specific company using a balanced scorecard. Cite the URL and summarize the article, including citing some specific measures and objectives as well as benefits or problems to date.

  Determine the inns break-even point

Determine the inn's break-even point in number of rented rooms per month and dollars and calculate the break-even point in (1) dollars and (2) number of fares.

  Why is management concerned about the effectiveness

What are general controls? What is the relationship between general computer controls and application controls? Why is management concerned about the effectiveness of these controls?

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