User Account

All Pages

Prepare journal entry to record employer salaries expense

Assignment Help Accounting Basics
Reference no: EM133089178

Question - During the month of January, an employee earned $5,900 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $365.80, FICA Medicare taxes of $85.55, federal income taxes of $628.35, and medical insurance deductions of $250.75. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February.

Reference no: EM133089178

Questions Cloud

Record the journal entry for the early retirement of bonds : Terry, Inc., retired half of the outstanding bonds in the open market for 98 ½ on January 1, 20x6. Record the journal entry for the early retirement of bonds
What are your recommendations to the countrys vp : What are the main causes of these problems and What are your recommendations to the country's VP
Determine the total shipping and receiving costs : Determine the total shipping and receiving costs to be allocated to the fine china if 4,500 boxes are shipped
Determine the ending balance in the deferred revenue account : During 20X1, Lulu sold $435,000 of gift cards and redeemed $392,000. Determine the ending balance in the Deferred Revenue account for Gift Cards
Prepare journal entry to record employer salaries expense : Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February
Calculate the predetermined overhead allocation rate : Estimated overhead costs for the year are $26,000. Additional estimated information is given below. Calculate the predetermined overhead allocation rate
Calculate the inductance of the coil in milli-henries : Calculate the inductance of the coil in milli-Henries - What will be the change in resistance of an electrical resistance strain gauge with a gauge factor
Facilities-design layout and equipment : The food service facilities' design and layout have a great impact upon its productivity for employees and the overall ambiance.
Which calculations were challenging for you : Which calculations were challenging for you? Why? Which ratios were difficult to understand? What advice would you give a classmate who needs assistance?

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