From the following posted T accounts, reconstruct the closing journal entries for July 31,201X.
Answer to relevant QuestionsFrom the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31, 201X.From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31,201X.Tony decided to end the Sanchez Computer Center’s first year as of September 30, 201X. Following is an updated chart of accounts.Assets Revenue1000 Cash 4000 Service Revenue1020 Accounts Receivable ...Calculate the total wages earned for each hourly employee assuming an overtime rate of time and a half over 40hours.Compute the net pay for each employee using the federal income tax withholding table included. Assume that FICA OASDI tax is 6.2% on a wage base limit of $106,800; Medicare is 1.45% on all earnings, the payroll is paid ...
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