User Account

All Pages

Prepare the journal entries to record Linda pay

Assignment Help Accounting Basics
Reference no: EM133104174

Question - Linda Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Linda works 50 hours. Linda's federal income tax withholding is $98, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Linda's pay for the period and (b) the payment of Linda's wages.

Reference no: EM133104174

Questions Cloud

Assess the key elements of team management : An effective team management is the name of the game these days in healthcare, especially working throughout COVID-19. Assess the key elements of team managemen
Behavior in dealing with subordinates : 1. Describe how the "big five" personality attributes might affect a manager's own behavior in dealing with subordinates
Disadvantages of stakeholder involvement in csr : What are the disadvantages of stakeholder involvement in CSR? How can companies address some of these challenges?
Explain what Juan should do reasoning : Use GVV 4 steps to answer this case. Explain what Juan should do reasoning at each of the 6 stages of Kohlberg's model. What would you do and why
Prepare the journal entries to record Linda pay : Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Linda's pay for the period
What kinds of industries or companies you think would benfit : What kinds of industries or companies do you think would benefit most from using activity-based costing and why
Revise communication task : Revise Communication Task - Access the substantiated communication that you developed in Workplace Project Task 3
Post the August journal entries to the ledger : On July 31, 2022, the general ledger of Sheridan Legal Services Inc. showed the following balances: Cash $4,400, Post the August journal entries to the ledger
Explain different pathways to evil and goodness : 1. Identify and explain different pathways to evil and goodness

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