Prepare the adjusting entry on December

Assignment Help Accounting Basics
Reference no: EM132721042

Problem - Hart Company paid a premium of $280 for workers' compensation insurance based on estimated payroll as of the beginning of the year. Based on actual payroll as of the end of the year, the premium is $298. Prepare the adjusting entry on December 31 for the additional workers' compensation insurance premium.

Reference no: EM132721042

Questions Cloud

Development and use of forecast model : For each of the three forecasting methods (i.e., time series, causal, and subjective), what costs are associated with the development and use of the forecast
How you plan to obtain letters of recommendation : Describe how you plan to obtain letters of recommendation and from whom you wish to get them.
What is the total cost of Joyce Lee to her employer : A FUTA tax of 0.6% and a SUTA tax of 5.4%, both on the first $7,000 in earnings. What is the total cost of Joyce Lee to her employer
What is value chain analysis : What is value chain analysis? Is it vital in todays world? Cite some real life situation scenarios and how it can directly affect the business.
Prepare the adjusting entry on December : Based on actual payroll as of the end of the year, the premium is $298. Prepare the adjusting entry on December 31 for the additional workers' compensation
Caring for clients presenting with non-specific symptoms : Clients that present the primary care office with vague symptoms can often be difficult for the Advanced Practice Nurse to diagnose
Critically analyse the key ethical and legal issues : Critically analyse the key ethical and legal issues associated with MKGW accepting the SPG audit engagement and make recommendations for how/if these issues can
Researching federal initiatives : What federal initiatives are in place to address current public health issues? What are the outcomes of these initiatives?
Federal Response to Mass Immunizations : What is the CDC's procedure for mass immunizations that are necessary for certain types of infectious outbreaks such as influenza, mumps, and tetanus?

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd