User Account

All Pages

What amount must be posted to Salaries

Assignment Help Accounting Basics
Reference no: EM133027639

Question - The journal entry for your recent payroll run has the following entries in it: Salaries and wages expense $98,000.00 debit, CPP contributions payable $4,693.00 credit, EI premiums payable $2,210.00 credit, income tax payable $37,580.00 credit and union dues payable $875.00 credit. What amount must be posted to Salaries and wages payable in order to make this a balanced entry?

Reference no: EM133027639

Questions Cloud

What is the ratio of the book value of debt : A firm has a debt-to-equity ratio of 0.60 and a market-to book ratio of 4.0. What is the ratio of the book value of debt to the market value of equity
Outcomes of self-assessments : -In what ways did the outcomes of your self-assessments taken during this class, play a part in the negotiations? Management vs Union.
Unethical practices from government agencies : Site 5 unethical practices from government agencies/officials or private companies in the Philippines. Explain each situation/practices and why it is considered
Types of professional development and management training : Succession plans are usually only created for the top leadership team of the company and not for the management teams. However, having a succession plan in plac
What amount must be posted to Salaries : The journal entry for your recent payroll run has the entries in it: Salaries and wages expense $98,000.00 debit, What amount must be posted to Salaries
What is the importance of flexible business models : What is the importance of flexible business models, especially in markets with rapidly evolving technologies?
What are the four core elements of coaching : What is coaching and what are the four core elements of coaching?
Prepare the journal entry to dispose of the amount : Assume that the amount is signi?cant to the company and expected to be closed out as accurately as possible. Prepare the journal entry to dispose of the amount
Treating disease to preventing disease with wellness : Why do you feel that there is a shift from treating disease to preventing disease with wellness? Is there an aspect of your lifestyle that you could change to m

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