Allison Hardware Company's payroll for November 2019 is as follows: factory, 140,000; sales, 32,000; and administrative, 36,000.
Question:
Instructions
a. Prepare a schedule showing the employer's total cost of salaries and wages for November by function.
b. Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer's payroll taxes.
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a Computation of taxes Factory Wages 140000 Social security taxes 11200 8 X 140000 Total cost 151200 ...View the full answer
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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