The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 Total direct labor 6,500 $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee's Share Employer's Share Federal income tax withhcld $4,300 State unemployment tax Federal unemployment tax FICA tax 5.0% 1.08 8.0% 8.08 Disability insurance Workmen's compensation insurance 5% .25% 2.0% Prepare the general journal entries to: Record the payroll. b. Pay the payroll. Distribute the payroll to the appropriate accounts. Record the employer's share of payroll tax expense. (All of the employees work in a. с. d. the factory.) The following payroll summary is prepared for the Sotherm Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 Total direct labor 6,500 $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee's Share Employer's Share Federal income tax withhcld $4,300 State unemployment tax Federal unemployment tax FICA tax 5.0% 1.08 8.0% 8.08 Disability insurance Workmen's compensation insurance 5% .25% 2.0% Prepare the general journal entries to: Record the payroll. b. Pay the payroll. Distribute the payroll to the appropriate accounts. Record the employer's share of payroll tax expense. (All of the employees work in a. с. d. the factory.)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Prepare the general journal entries to record the following transactions of the Quinones County General Fund: 1. Quinones County borrowed $1,000,000 by issuing six-month tax anticipation notes...
-
Prepare the general journal entries required for the following transactions of the Farmer County General Fund during 20X6. Also, use transaction analysis to show any effects on the GCA-GLTL accounts....
-
a. Prepare the general journal entries to record the following transactions in the General Fund General Ledger of Alderman City: 1. Purchased investments in bonds at January 1, 20X6, for $350,000. 2....
-
To some U.S. manufacturers and labor unions, a cheap yuan value gives China's advantage in the global economy. bankers exports importers subsidies an unfair
-
Define extracellular matrix and ground substance.
-
1. Iris Rice is planning to take a huge step toward changing Pollys Sweet Treats and Drinks business strategy. What does she need to do to collect the type of data shell require to make an effective...
-
Calculate the energy density versus temperature very early in the universe when the temperatures were above \(k T=300 \mathrm{MeV}\). At those temperatures, quarks and gluons were released from...
-
Organic Growth Company is presently testing a number of new agricultural seeds that it has recently harvested. To stimulate interest, it has decided to grant to five of its largest customers the...
-
2024 2023 2022 Sales $ 78,000 Cost of goods sold 62,400 $ 70,000 60,900 $ 59,000 44,100 2021 $ 58,000 35,100 2020 $ 50,000 30,000 Required: Dollar amounts stated are in thousands. a. Compute trend...
-
The financial statements at the end of Wolverine Realtys first month of operations are as follows: Instructions By analyzing the interrelationships among the four financial statements, determine the...
-
List three companies that are publicly traded in the US stock market but want that are not widely diverse, or they verified and identify future problems that the companies could incur.
-
Compare two individual's credibility: Think about two people - one whom you trust implicitly and another whom you do not trust. Ideally, these should be two people you currently work with or have...
-
What has been the legacy of the yellow peril? In what respects does diversity characterize Chinatowns? What are the most significant similarities between the Chinese American and Japanese American...
-
How does bell hooks (she intentionally doesn't capitalize her name) define the concept Eating the Other? What does that mean? Do you see examples of Eating the Other in your own life? If so, where?...
-
What other major companies does each of your "owners" have? Include a link or citation of where you found the information. (Example: Comcast(Links to an external site.) also owns Dreamworks...
-
What do you understand about perception? Do you think that perception is an interesting topic? Why is this perception important to you? Will this new information change your perception? What...
-
How did eugenics support passing racial classification laws?
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
Marble Corporation in its first three years of operation paid out the following dividends: Year 1: $0 Year 2: $29,000 Year 3: $86,000 Given that Marble has 2,900 shares of $104 par 10.0%...
-
Record the following transactions in the general journal of White Company: 201X Feb. 5 Purchased land for $89,000. The $89,000 included attorneys fees of $5,600. 18 White Company decided to pave the...
-
From the income statement and balance sheet of Alexander Company (Figures 22.16 and 22.17), compute the following for 2013: ALEXANDER COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31,...
-
Determine the work required to transport \(10 \mathrm{~kg}\) of material from Earth to the ISS, the International Space Station, in orbit \(420 \mathrm{~km}\) above the Earth's surface.
-
Show that the force field expressed in spherical coordinates \(\mathbf{F}=f(r, \theta) \mathbf{r}\) is conservative if and only if the function \(f\) is independent of \(\theta\).
-
Show that in the case of a binary system in which the orbit is circular of radius \(r\), the kinetic energy corresponds to half the absolute value of the potential energy. In other words, the total...
Study smarter with the SolutionInn App