Selected data from a february payroll register for cheney

Assignment Help Financial Accounting
Reference no: EM13355569

Selected data from a February payroll register for Cheney Company are presented below.

Some amounts are intentionally omitted.

Gross earnings:

Regular

$11,100

State income taxes

 

Overtime

 

Union dues

100

Total

 

Total deductions

 

Deductions:                                         Net pay Accounts debited:

FICA taxes

$1,000

Warehouse wages

 

Federal income taxes

1,420

Store wages

$5,000

FICA taxes are 8%. State income taxes are 4% of gross earnings.

Instructions

a.Fill in the missing amounts.

b.Journalize the February payroll and the payment of the payroll.

Reference no: EM13355569

Questions Cloud

Record the following transactions in the general : record the following transactions in the general journal.nbsp use only these account titlesnbsp cash accounts
Record the following transactions in the general : record the following transactions in the general journal.3107invested 20000 in cash and 5000 of equipment in the
1 in order to restructure some of its debt general motors : 1. in order to restructure some of its debt general motors decided to pay off one of its short-term loans.nbsp if the
Howell company has the following selected accounts after : howell company has the following selected accounts after posting adjusting entriesaccounts payable 45000notes payable
Selected data from a february payroll register for cheney : selected data from a february payroll register for cheney company are presented below.some amounts are intentionally
1 a company uses 40000 gallons of materials for which it : 1. a company uses 40000 gallons of materials for which it paid 9.00 a gallon. the materials price variance was 80000
Below is budgeted production and sales information for : below is budgeted production and sales information for fleming inc. for december. the unit selling price is 4.estimated
1 horner corporation is authorized to issue 1000000 shares : 1. horner corporation is authorized to issue 1000000 shares of 5 par value common stock. during 2010 its first year of
Below is budgeted production and sales information for : below is budgeted production and sales information for fleming inc. for december. the unit selling price is 4.estimated

Reviews

Write a Review

Financial Accounting Questions & Answers

  Town of dex recreation center construction balance sheet

How would these capital expenditures for recreation center appear on the Town of Dex's government-wide statements of net activities and assets and prepare journal entries to record preceding information in Town of Dex Recreation Center Construction ..

  Compute net income as a percentage of net sales

Compute net income as a percentage of net sales in each year and compute the percentage change in each of the above items from 2010 to 2011. Use a + or - to indicate increase or decrease.

  Evaluate the munson''s taxable income for 2011

Evaluate the Munson's taxable income for 2011? What is existing income tax expense for the year ended 12/31/11?

  Prepare the journal entry to record the bonus issue

Prepare the journal entry to record the bonus issue, show all workings and identify two advantages of a private placement of shares as compared with a public issue.

  What is the return on assets and return on equity

Assume that a company has a profit margin of 6.0 percent, a debt ratio of 3.2 times, and a debt ratio of 50 percent, what is the return on assets and return on equity?

  Define international financial reporting standards

Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles

  How does this change affect the incentives for working

How does this change affect the incentives for working? b. How might this change represent a trade-off between equality and efficiency?

  Illustrate what was the cost of the units sold

A company had inventory of 8 units at a cost of $12 each on December 1. On December 2, they purchased 8 units at $21 each. On December 6 they purchased 7 units at $23 each. On December 8, they sold 18 units for $52 each. Using the LIFO perpetual i..

  Evaluate the annual financing cost

Determining the annual financing cost of borrowing - Evaluate the annual financing cost of borrowing each of the following amounts under the credit agreement

  Question 1on 1st january 2008 abc company borrowed 200000

question 1on 1st january 2008 abc company borrowed 200000 from the bank. the loan is a 10-year note payable that needs

  Prepare a financial statement analysis

Prepare a financial statement analysis of a public company, which I picked Wal-Mart

  Can hank deduct on his return

It was rented again on January 1 for six months. What expenses, if any, can Hank deduct on his return? Which deductions are for AGI, and which ones are from AGI?

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