User Account

All Pages

Provide the journal entries in the books of shelley ltd

Assignment Help Accounting Basics
Reference no: EM132082168

Question - Shelley Ltd pays its salaries fortnightly in arrears. The next pay day is Thursday 2 July. The fortnightly salary is $30,000, of which $10,000 is retained to pay the ATO on behalf of the employees. Payments to the ATO are made every second Monday, with the next payment being made on Monday 6 July. Shelley Ltd's reporting period ends on 30 June.

Required: Provide the journal entries in the books of Shelley Ltd for:

a) 30 June

b) 2 July

c) 6 July

Reference no: EM132082168

Questions Cloud

Improve your visibility while conducting job search : What is the easiest way to improve your visibility while conducting a job search? What are job search agents?
Prepare the adjusting entry under each basis : The total estimated uncollectibles under the percentage-of-receivables basis is $5,830. Prepare the adjusting entry under each basis
Common interviewing mistakes hiring managers make : What are some of the common interviewing mistakes hiring managers make? How can we prevent these mistakes? Please give several examples.
Assess the external threats affecting this corporation : Assess the external threats affecting this corporation and the opportunities available to the corporation.
Provide the journal entries in the books of shelley ltd : Shelley Ltd pays its salaries fortnightly in arrears. Provide the journal entries in the books of Shelley Ltd for: 30 June and 2 July
Develop a report that analyzes the companys current finances : Using the financial information you find, you will develop a report that analyzes the company's current finances and makes recommendations for the future.
How can you exercise it when planning sporting event : What is conscious capitalism, and how can you exercise it when planning a sporting event?
Analyze the balance sheet and income statement of company : Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection
Evaluate trends of revenue sources and balances : Evaluate trends of revenue sources and balances (funds, surpluses, deficits) and how they impact the government's budget.

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