Based on this payroll register, record the appropriate journal entry in your working papers. Use page 14
Question:
Based on this payroll register, record the appropriate journal entry in your working papers. Use page 14 in the general journal.
Transcribed Image Text:
PAY PERIOD ENDING May 19 DATE OF PAYMENT May 19, 20-- EARNINGS DEDUCTIONS NET NAME RATE PAY REGULAR OVERTIME TOTAL SOC. SEC. MEDICARE FED. INC. TAX TAX TAX STATE INC. TAX HOSP. INS. OTHER TOTAL 25 TOTALS 1,218 93 109 14 1,328 07 82 34 19 26 184 00 26 56 20 00 332 16 995 91 Other Deductions: Write the appropriate code letter to the left of the amount: B-U.S. Savings Bonds: C-Credit Union: UD-Union Dues: UW-United Way. EMPLOYEE NUMBER PAYROLL REGISTER WAR.STATUS ALLOW. TOTAL HOURS 20-- CK. NO. 25
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
What is a payroll journal entry A payroll journal entry is a recording of the wages or compensation ...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Record the appropriate journal entries for both fund financial accounting and government-wide accounting, side-to-side to show a proper comparison of the differences. a) The city purchased for cash...
-
On January 1, 2018, Hoosier Company purchased $948,000 of 10% bonds at face value. The bond market value was $989,000 on December 31, 2018. Required: Prepare the appropriate Journal entry on December...
-
What is the appropriate journal entry if direct materials of $8,000 and indirect materials of $32,000 for a job are sent to the production line? a. Dr Work-in-Process Control 40,000 Cr Materials...
-
Write a method: that displays the prompt string, reads an integer, and tests whether it is between the minimum and maxi mum. If not, print an error message and repeat reading the input. Add the...
-
Suppose you own a business that does well during economic expansions but not so well during recessions which happen with probability . Let xE denote your consumption level during expansions and let...
-
Which ratios should be used to help answer the following questions? a. How efficient is a company in using its assets to produce sales? b. How near to sale is the inventory on hand? c. How many...
-
A technician has just taken their first set of readings on an alignment job. The solution calls for the removal of 0.100 inch from the back feet of the motor. There are no shims under the motor back...
-
Pablo Management has five part-time employees, each of whom earns $100 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on...
-
Choose a product you buy on regular basis (something you buy more than 4x per year). Think about how the supply and demand changes based on things like seasons, price, advertising/media, etc. 1 -What...
-
Higher Company had the following disposals of production equipment during 2006: Higher's policy is to charge a full year's depreciation in the year of purchase if an asset is purchased before July 1....
-
The Outback Guide Service payroll register for the week ending Dec. 31 follows: Instructions In your working papers: 1. Record the entry for the payment of the payroll on page 15 of the general...
-
You may have wondered how your employer pays the taxes and other deductions from your paycheck. PERSONAL FINANCE ACTIVITY Ask your friends what deductions are taken from their paychecks (categories,...
-
Write a Lewis structure for each of the following: (a) HF (b) F2 (c) CH3F (d) HNO2 (e) H2SO3 (f) BH4 (g) H3PO4 (h) H2CO3
-
What is the term for Decrease assets; increase liabilities and stockholders equity?
-
Tom Hanks has been appointed as the CFO (Chief Financial Officer) of Holiwood Corporation. As he needs to take some important decisions on future investment projects, he is concerned about the firm's...
-
Balance per bank statementP 4 , 0 0 0 , 0 0 0 Outstanding checks ( including certified check of 2 0 0 , 0 0 0 ) 1 , 0 0 0 , 0 0 0 Deposit in transit 4 0 0 , 0 0 0 December NSF checks ( of which 1 0 0...
-
Given the risk-free rate of 3.5 percent, and a corporate bond that will pay 10 percent. What is the risk premium for this bond investment?
-
Phil Goode will receive $102,000 in 19 years. Sounds great! However if current interest rates suggested for discounting are 18 percent, what is the present worth of his future "pot of gold"? 2)Carrie...
-
For the year ending August 31, 2016, Mammalia Medical Co. mistakenly omitted adjusting entries for (1) Depreciation of $5,800, (2) Fees earned that were not billed of $44,500, (3) Accrued wages of...
-
What are conversion costs? What are prime costs?
-
Caroline, age 66 and filing single as a dependent of another, received the following income items for the current year: Social Security benefits (nontaxable) ..$ 3,000 Pension benefits (taxable)...
-
Randall and Dianne Wall live in St. Louis, Missouri. Randall and Dianne are each 30 years old, neither smokes, and they have no children or other dependents. Randall is attending law school full time...
-
Carolyn is unmarried and has one dependent child, age 6, who lived with her for the entire year. In 2017, she has income of $16,000 in wages and $6,000 in alimony. Her AGI is $22,000. a. What is...
-
Lake Incorporated and the River, Incorporated reported net incomes of $205,000 and $164,000, respectively, for the most recent fiscal year. Both companies had 41,000 shares of common stock issued and...
-
What effect Eventually, BREXIT will make on EU? How it will benefit UK? What will be the possible outcome?
-
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price Real estate commissions Legal fees Expenses of clearing the land Expenses to...
Study smarter with the SolutionInn App