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For the payroll period ended on June 25, 2013, gross pay was $14,300, net pay was $10,200, FICA tax with holdings were $1,000, income tax with holdings were $2,500, and medical insurance contributions were $600.Required:Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual on June 25, 2013.
budgeted overhead for the henderson company at normal capacity the denominator level of activity of 30000 direct labor
starling corporation exchanges a yellow bus used in its business for robin corporations gray bus and some garage
the arb company has two divisions electronics and dvdvideo sales. electronics has traceable fixed expenses of 146280
my co. provides the following fixed budget data for the yearsales 20000 units600000cost of salesdirect
hazelton corporation uses a periodic inventory system and the lifo method to value its inventory. the company began
By outsourcing overseas, a company can reduce costs but must also take certain risks. Global supply chains are exposed to more risk today than ever before.
"Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs we know are direct." Do you agree? Why?
1.beth mays purchased an automobile from mills bros. auto sales for 9000.2.bill becham loaned 15000 to the business in
in may of the current year s makes a gift of land basis of 60000 fmv of 240000 to his aunt t. after the gift aunt t
Conlin Company acquires a delivery truck at a cost of $42,000.The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.
jack company sells its product for 6600 per unit. variable costs per unit are manufacturing 3600 and selling and
On February 1, 2011, Charo Mendez purchased 6% bonds issued by CR Utilities at a cost of $30,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2011, prepare entries to record Mendez's July 31 receipt..
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