User Account

All Pages

Provide the journal entries in the books of shelley ltd

Assignment Help Accounting Basics
Reference no: EM132621650

Shelley Ltd pays it salaries fortnightly in arrears. The next pay day is Thursday 2 nd July. The fortnightly salary is $ 30,000, of which $ 10,000 is retained to pay the Australian Taxation Office on behalf of the employees. Payments to the ATO are made every second Monday,with the next payment being made on Monday 6 th July. Shelley Ltd's reporting periods on 30 th June.

Required:

Problem 1: Provide the journal entries in the books of Shelley Ltd for:

1. 30 th June

2. 2 nd July

3. 6 th July

Reference no: EM132621650

Questions Cloud

What can employers do to assist employees : Substance abuse may include alcoholics and drug users, their behavior will be different than other workers on the job. In what ways can alcohol and drug use.
Find the magnitude and direction of the electric field : Find the magnitude and direction of the electric field at each of the following points on the x axis.
Evaluate the fundamental role of legislative oversight : Evaluate the fundamental role of legislative oversight relative to administrative agencies.
How observation fits in with the sharing of housework : Respond to the following questions: Among twin- income and dual-career families, do you think there will ever be an equal sharing of household work?
Provide the journal entries in the books of shelley ltd : Provide the journal entries in the books of Shelley Ltd for 30th June. The fortnightly salary is $ 30,000, of which $ 10,000 is retained to pay the Australian
Philosophical principles behind business ethics : What are the philosophical principles behind business ethics. factors contributing to lax ethics and common ethical temptations and violations
Which events fall under the definition of sexual harassment : Here are several events that happen in the workplace. Do you believe they fall under the definition of sexual harassment? If so, why? If not, why not?
Find what price qms will charge to the wholesalers : Find What price QMS will charge to its wholesalers and retailers? Suppose that QMS sets a manufacturer's suggested retail price (MSRP) of Rs. 27,000.
Compare traditional views of retirement with current views : After viewing Retirement revolution: The new reality, examine how the topic of retirement has changed in American society since the 2008 recession.

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