Prepare the general journal entries to record the payroll

Assignment Help Accounting Basics
Reference no: EM132637775

Problem - The gross payroll of Plentiful Industries for the week ended 14 June was $16,000 with the deductions being PAYG Withholding tax of $3,100 and health insurance of $800. All wages are paid in cash.

REQUIRED - Prepare the general journal entries to record the payroll, and, the payment of net wages for the week ended 14 June.

Reference no: EM132637775

Questions Cloud

Important role in commercial movie-making : Censorship in film has played an important role in commercial movie-making.
Compute the exclusive and conjugal gross estate : Claims against the estate, 200k no documents but heirs willing to pay to maintain reputation of Donya 800,000. Compute the exclusive and conjugal gross estate
Defines blood alcohol concentration level : Identify your state of residents and how your state defines blood alcohol concentration level.
Provide reflection of how the knowledge : Provide a reflection of how the knowledge, skills, or theories of this course(Business Intelligence) have been applied, or could be applied,
Prepare the general journal entries to record the payroll : Prepare the general journal entries to record the payroll, and, the payment of net wages for the week ended 14 June
New social networking application : Company called Verbania, Inc. has requested some functionality for its new social networking application.
Calculate the QBI deduction for each : The couple takes the standard deduction of $24,000 against any ordinary income. Please calculate the QBI deduction for each
Industry experts believe blockchain is technolog : Industry experts believe blockchain is a technology that has the potential to affect the business of most IT professionals in the next five years.
Focus of research paper is data leakage : The focus of the research paper is Data Leakage. How does data leakage occur in an organization? What are the common causes of this problem?

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