Sanchez Company uses a special payroll account to pay employees. The gross amount of the payroll this
Question:
Sanchez Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $5,320; the net amount is $4,545. Journalize the transfer of funds to the payroll account and the distribution of paychecks to the employees.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Cash Payroll Checking Ca...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
Blanca Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $5,000; the net amount is $4,125. Journalize the transfer of funds to the payroll account...
-
Taylor Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $6,600; the net amount is $5,425. Journalize the transfer of funds to the payroll account...
-
Lopez Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $5,320; the net amount is $4,545. Journalize the transfer of funds to the payroll account...
-
The cubic equation x 3 - x + 3 = 0 has roots , , . a. Using the relation S n , = n + n + n , or otherwise, find the value of S 4 . b. By considering S 1 and S 4 , determine the value of 3 ( + ) +...
-
If you were to consider buying a School of Rock franchise, what issues would concern you the most about your ability to be successful as a franchisee for this company?
-
The number of automobiles per family. We have presented a "data scenario." In each case, decide which type of grouping (single-value, limit, or cutpoint) is probably the best.
-
In Example 15-2, operation is at a pseudo-steady state. Brainstorm alternative designs for this diffusion measurement. Example 15-2 Pure ethanol is contained at the bottom of a long, vertical tube...
-
Prime Time Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on July 31, 2012, is shown below. The following business transactions were...
-
For my review, I relied on FASB ASC 250 to provide guidance on the accounting for and reporting of accounting changes and error corrections. FASB ASC 250 defines what qualifies as an accounting...
-
1. Using the spreadsheet model from Case 2.1 as a starting point, use Solver to find the optimal set of projects to approve. The solution should maximize the total NPV from the approved projects, and...
-
Slater Company has four employees, each of whom earn $4,000 per month and have been employed since January 1. FICA Social Security taxes are 6.2% on the first $142,800 paid to each employee, and FICA...
-
Ramador Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $5,700; the net amount is $4,900. Journalize the transfer of funds to the payroll account...
-
Graph each function. Use the graph to find the indicated limit, if it exists. lim f(x), f(x) = |2x| x-3
-
In Milestone One, you analyzed the brand implications of reopening the park, and you have delivered the analysis in the form of a written report. In your role as regional marketing director of one of...
-
Consider a forward contract on a non-dividend-paying stock.Is the (properly determined) forward price of this stock greater than, less than or equal to the expected time- T spot price of this stock,...
-
Minimize 4x + y2, subject to the constraint 34-x-2y= 0.
-
Find the average rate of change for the given function. f(x) = x + 2x between x = 0 and x=9
-
Use a sign chart to solve the inequality. Express the solution in inequality nota x+6x > 0 X-4
-
Repeat Problem 6.3 with the following data (use Gs = 2.7): a. Determine the maximum dry unit weight of compaction and the optimum moisture content. Given: mold volume = 943.3 cm3. b. Determine the...
-
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
-
At the end of April 201X, the total amount of OASDI, $550, and Medicare, $220, was withheld as tax deductions from the employees of Lucky, Inc. Federal income tax of $2,950 was also deducted from...
-
Copper Company has four employees, and each employee earned $40,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 38, to answer the following questions: Total employees during...
-
Rachels Grocery Store made the following Form 941 payroll tax deposits during the look-back period of July 1, 201A, through June 30, 201B: Quarter Ended Amount paid in 941 Taxes September 30, 201A...
-
Does it matter if you buy/sell call and sell/buy put when making a synthetic forward? Either you are Long Call and Short put or Short call and long put? Any advantages to either or?
-
Una empresa especializada en limpieza de casas. Se anuncia cada mes en los peridicos locales y est considerando aumentar su presupuesto en publicidad. Antes de hacerlo, decide evaluar la efectividad...
-
Between 1971 and 1990, the percentage of Indonesia's population that lived in urban areas rose from 17% to 31%. In 1990 in Mexico, of every 1,000 infants younger than the age of one year, an average...
Study smarter with the SolutionInn App