November 15 HI Таxаble Annual OASDI Taxable OASDI Тах HI Name and Title Salary Earnings Earnings Тах Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200 December 31 HI OASDI Taxable Earnings Тахable Earnings Annual OASDI Тах HI Тах Name and Title Salary Hanks, Timothy, President Grath, John, VP Finance James, Sally, VP Sales Kimmel, Joan, VP Mfg. Wie, Pam, VP Personnel Grant, Mary, VP Secretary $151,200 132,000 69,600 54,000 51,600 49,200
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In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
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- Balance on April 1, 2020Debtors control Dr. $65, 145Debtors control Cr. 600Creditors control Dr. 950Creditors control Cr. 75, 500Totals for the month of April 2020Cash purchases 35, 600Credit purchases 62, 600Cash Sales 47, 000Credit Sales 75, 000Contra entry: Set off 1, 800Refund to cash customers 2, 800Bad debt written off 3, 300Discount Allowed 3, 750Total payments to suppliers 87, 000Total receipt from customers 98, 800Discount received 5, 500Dishonoured cheques: customers 2, 900Increase in the allowance for bad debts 2, 100Return Inwards 2, 400Return Outwards 15, 200Balances at 30 April 2020Debtors control: Dr. ? Cr: $8 300Creditors control: Dr. $7 500 Cr: ?Required: Prepare the Sales ledger control account Prepare the Purchases control accountLourse Hero FFacebook AlpQLSemRocZTySC1Qmxn3WNrCDDNEqZOcNLOvBFeteSg98lhAYbXw/formResponse The following income relates to a proprietorship registered as a BMBE: Gross income from sales P400,000 Dividend income – domestic corporation 9,000 Interest on bank deposits 6,800 Compute the total exclusion from gross income. O 415,800 O 400,000 O 15,800 O ZeroOW21 Onlin teachin x N2 | Online teaching esource from Cengag... w.com eBook Cash Inventory Land Notes Payable tMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false V Xi Lin, Capital Feedback ps Panthère de Cartier... ✓ Show Me How Journalizing Partner's Original Investment assumed a $57,000 note payable owed by Lin that was used originally to purchase the land. Xi Lin contributed land, inventory, and $35,000 cash to a partnership. The land had a book value of $79,000 and a market value of $152,000. The inventory had a book value of $53,100 and a market value of $48,900. The partnership also Required: Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank. 35,000 53,100 X 152,000 48,900 X 79,000 X 57,000 Pink Playful Femini... Check My Work 5 more Check My Work uses remaining. & MX Check My Work Record the assets at their current values, and record the liability at its current value. Lin's Capital…
- 620Group%20Project%20Latest%2015May2020.pdf You have been newly appointed as an Accounts Executive for Automobile Workshop Sdn Bhd. Mr Bakan and Mrs Sheila, owners of Automobile Workshop Sdn Bhd have been furnished with a "Statement of Accounts" in form of Trial Balance for the first year of operation ended 31 December 2019, by the previous Accounts Executive who had resigned recently.10:10 O all 59% FINANCIAL%20ACCOUNTING%20I - Saved АССТ1201 Question 3 You were recently employed as the Financial Controller at Covid Free Ltd. You were provided with the following information on April 1, 2018: Balance on April 1, 2020 Debtors control Dr. $65, 145 Debtors control Cr. 600 Creditors control Dr. 950 Creditors control Cr. 75, 500 Totals for the month of April 2020 Cash purchases 35, 600 Credit purchases 62, 600 Cash Sales 47, 000 Credit Sales 75, 000 Contra entry: Set off 1, 800 Refund to cash customers 2, 800 Bad debt written off 3, 300 Discount Allowed 3, 750 Total payments to suppliers 87, 000 Total receipt from customers 98, 800 Discount received 5, 500 Dishonoured cheques: customers 2, 900 Increase in the allowance for bad debts 2, 100 Return Inwards 2, 400 Return Outwards 15, 200 Balances at 30 April 2020 Debtors control: Dr. ? Cr: $8 300 АССТ1201 Creditors control: Dr. $7 500 Cr: ? Required: А. Prepare the Sales ledger control account В. Prepare the Purchases…Question 3You were recently employed as the Financial Controller at Covid Free Ltd. You were provided with the following information on April 1, 2018: Balance on April 1, 2020Debtors control Dr. $65, 145 Debtors control Cr. 600Creditors control Dr. 950Creditors control Cr. 75, 500Totals for the month of April 2020Cash purchases 35, 600Credit purchases 62, 600Cash Sales 47, 000Credit Sales 75, 000Contra entry: Set off 1, 800Refund to cash customers 2, 800Bad debt written off 3, 300Discount Allowed 3, 750Total payments to suppliers 87, 000Total receipt from customers 98, 800Discount received 5, 500Dishonoured cheques: customers 2, 900Increase in the allowance for bad debts 2, 100Return Inwards 2, 400Return Outwards 15, 200Balances at 30 April 2020Debtors control: Dr. ? Cr: $8 300 Creditors control: Dr. $7 500 Cr: ? Required: A. Prepare the Sales ledger control account B. Prepare the Purchases control account
- 34 The following applies to this question: DEBTORS CONTROL Mar 1 Balance b/f 90 000 Mar 31 Bank A Mar 31 Sales B Sales returns 5 000 Balance c/f 40 000 140 000 140 000 Apr 1 Balance b/f 40 000 Which one of the following amounts represents B? A. R180 000 B. R100 000 C. R230 000 D. R50 000Print Item From the data below for Wong Company, prepare the closing entries for the year ended December 31. Cash dividends $47,000 Sales 982,600 Sales returns and allowances 3,960 Interest revenue 10,521 Factory overhead (debit) 210,620 Factory overhead (credit) 210,620 Cost of goods sold 726,820 Wages expense 130,745 Supplies expense 9,900 Depreciation expense-office equipment 6,900 Utilities expense 5,840 Bad debt expense 1,680 Advertising expense 11,120 Interest expense 9,860 Income tax expense 32,050 If an amount box does not require an entry, leave it blank. Page: 1 POST. DATE DESCRIPTION DEBIT CREDITlon Sep 28 © 49% AA v2.cengagenow.com My Home My Home X CengageNOWv2 | Online teaching... HMWK Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Υ9 20Y8 ALGO Current assets $2,133,800 $1,613,300 Current liabilities 940,000 730,000 ALGO a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Υ8 Working capital $4 Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Favorable Feedback ALGO Check My Work ALGO a. Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This is expressed by a dollar amount and by a ratio. LGO LGO b. Increases are considered favorable and decreases are considered unfavorable. LGO LGO %24
- JOURNAL Page 43 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Nov. 6 Payroll Cash 12 12,296.97 Cash 11 12,296.97 6 Administrative Salaries 51 2,307.69 Office Salaries 52 4,677.85 Sales Salaries 53 3,600.00 Plant Wages 54 4,898.00 FICA Taxes Payable - OASDI 20.1 959.99 FICA Taxes Payable - HI 20.2 224.53 Employees FIT Payable 24 902.00 Employees SIT Payable 25 475.37 Employees SUTA Payable 25.1 9.27 Employees CIT Payable 26 599.41 Union Dues Payable 28 16.00 Payroll Cash 12 12,296.97 6 Payroll Taxes 56 1,362.30 FICA Taxes Payable - OASDI 20.1 959.98 FICA Taxes Payable - HI 20.2 224.51 SUTA Taxes Payable - Employer 22 177.81 13 Payroll Cash 12 1,570.27 Cash 11 1,570.27 1. What is the total gross…669 Statement of Expenditures ▪ CHAPTER 23 Expenditures of Kartick AE-5. for the month of Kartik 2073 Expenditures up to Ashwin 000'00 000 Annual Appropriation 350,000 000'S 000 000' Budget Head 2,500 (Advance) B.H. No. 0000 0000 Salary.... 000s 21111 25,000 Allowances. Daily & Travelling Allowance . Rent 000 0000 25,500 485,500 21112 nce Rs. 5,500 23,500 22612 22121 0000 Office materials. Books & Magazines of Poush 22311 22313 Total 14.300 004 000 000 000'0 ii. Total of Imprest Fund Released up to the end of Kartik, Rs. 88,000 Required: Statement of expenditure report for the month of Kartik, 2073 Additional Information Cash Balance Rs. 400 Ans: Bank balance Rs. 7.10 Following is the statement of revenues and expenditures of District Development Office, Bhaktapur, the statement of revenues andcdn.ctudent.se.amuasunetdba i AC T101 FEX 2021 2 Male If equity is 250,000SR and liabilities are 180,000SR then assets equal: 27-34 e1Bce33 70,000 400,000 95%018 b. 95abe18 C. 100,000 95abe18ce 33 d. 430,000 95abe18ce33 95a 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 F1 MacBook Pro F3 000 F4 F5 4 F6 50 F7 6 & DII **** F8 7 V F9 8 9 LL %23