15.      Pace's Hardware, a Corporation, pays its employees each Friday for a five-day total workweek. The payroll is $12,000 per week. If the end of the accounting period occurs on a Wednesday, the adjusting entry to record Salaries Payable would include a:         a.       Debit to Salary Expense of $4,800.           b.       Debit to Salary Expense of $6,000.           c.        Credit to Salaries Payable of $2,400.           d.       Credit to Salaries Payable of $7,200.

Q: Part 2 (Algo) February 24, 2023, is the end of the final pay period for the month and is a full…

A: Step 1: Step 2: Step 3: Step 4:

Q: McLoyd Company completed the salaries and wages payroll for March. The payroll provided the…

A: Payroll: It refers to a list of all the employees working in the business and the compensation that…

Q: Please fill out the payroll summary below  for Throwback Industries Inc. for the week ended December…

A: EmployeeTotal hoursRegular earnings ($)Overtime earnings ($)Aaron4668*40        2,7206*68*1.5…

Q: Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of…

A: a.

Q: Electronics Service Co. pays salaries monthly on the last day of the month. The following…

A: Calculation of Social security tax: Given @ 6% up to wage limit of $130,000 Since Duke reached the…

Q: NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the…

A: It is the amount to be withheld by an employer from an employee, if the employees' annual income…

Q: miller manufacturing has a 2 week payroll of $8,200 for its 8 employees. income tax of $1,080 is…

A: Payroll expenses refer to the total compensation and costs incurred by a business for its employees.…

Q: r will pay its employees the following Monday (January 4) for the previous full week. Assume Cedar…

A: The adjustment entries are prepared to adjust the revenue and expenses for the current period. The…

Q: Sandhill Company has the following data for the weekly payroll ending January 31.. Employee L.…

A: Journal entryJournal entry records the accounting transactions of a business in a journal book. All…

Q: The names of the employees of Cox Security Systems and their regular salaries are shown in the…

A: Pay the Payroll for the Pay Period Ending December 26, for each employee.     Note: federal Income…

Q: 5. An employee rendered the following hours per day in a week: Monday - 10 hours; Tuesday - 8 hours;…

A: Regular rate- 75 normal hours = 8 hours So for Tuesday the rate will be 8 hours * 75= 600…

Q: The employees of Parma Company are entitled to one day's vacation for each month worked. The average…

A: Journal entries are used to record the accounting transactions in chronological order under double…

Q: Prepare a journal entry on April 30 to accrue Culver's employer payroll costs. Assume that Culver is…

A: A journal entry is a basic accounting recording method that is used to document financial…

Q: Lendrum Servicing's four employees are paid every two weeks. Atkins runs the office and the…

A: Net pay refers to an amount that is to the employees of the company after deducting all the expenses…

Q: Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is…

A: Expenses incurred by a business but not yet paid by the conclusion of an accounting period are known…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: The accrued wages are the wages that are due to be paid but not paid during the period.

Q: Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is…

A: Accrued expenses means the expenses which has been due but not paid. As per accrual system of…

Q: Sheffield Company's weekly payroll, paid on Fridays, totals $10,790. Employees work a 5-day week.…

A: Journal entries are made to record the transactions as the first process in the books of accounts…

Q: An analysis of the job time tickets and payroll records showed: Thurs No. Job No. Mon Tues Wed Fri…

A: SOLUTION- PAYROLL  IS THE TOTAL OF ALL THE COMPENSATION THAT THE BUSINESS MUST PAY TO ITS EMPLOYEES…

Q: Security tax: $496.00 Medicare tax: $116.00 State income tax: $160.00 Federal Unemployment Tax…

A: Journal entries refers to the concept of noting all the daily transactions of a company in its books…

Q: Employees at a certain company are paid on Friday, December 28 for the five days ending on December…

A: Salaries & wages payable is that amount which is due to be paid but not paid. It is also called…

Q: The total weekly payroll for Bramble Auto Repairs Ltd. is $4,250 ($850 per day). The payroll is paid…

A: Journal entries are the records of the transactions entered into by the organization during the…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: John Smith works 40 hours for ABC Corp. for $15 per hour. Required payroll deductions are: Social…

A: Journal entry refers to the record keeping of financial transactions related to day-to-day business…

Q: During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18;…

A: The due date for monthly deposit of payroll tax dues must be made by 15th Day of the month following…

Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…

A: Payroll taxes are the percentage of employee's salary that an employer held to pay it to the…

Q: Employees at the Sheffield Waffle House were paid on Friday, December 27 for the five days ending on…

A: Accrual accounting records revenues and expenses when they are earned or incurred, not necessarily…

Q: Fishing Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $137,700…

A: Payroll: It implies to the list consisting the name of the employees and the amount that is required…

Q: Company's weekly payroll, pai for a total of $5,412 for a Fiv at is the credit side amount of the ed…

A: Adjusting entries are entries that are passed at the end of the period to accurately reflect income,…

Q: Employee M L. Helton R. Kenseth D. Tavaras 8 8 9 Jan. 31 T 7:00 8 8 11 Hours W 10 8 8 T 8 8 8 F 10 8…

A: A journal entry is the initial record of a financial transaction that is recorded in the general…

Q: P45 A manufacturing company's payroll register shows following information for December: Salary paid…

A: Financial accounting requires each and every financial transaction to be recorded in the books of…

Q: In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed,…

A: SOLUTION- NOTE- 1-FICA TAX PAYABLE -OASDI RATE IS 6.2% OF WAGES AND SALARIES PAID 2-FICA TAX…

Q: Empty fields company pays its salaried employees monthly on the last day of each month The annual…

A: Social security taxes are the tax which is deducted from the employee's salary at the time of…

Q: Jones Corporation pays its employees monthly. The following information is available for the January…

A: Given the following information: Gross wages: $70,000 FICA rate: 8% Unemployment taxesFederal:…

Q: Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The…

A: What is payroll? It is a register that shows the total amount to be paid to the employees during a…

Q: The Jayco company has a weekly payroll of $150,000 and its last payroll processed before the end of…

A: Accrued Expenses: There are the expenses which are incurred but not paid Eg: Accrued Interest As per…

Q: Workers' Compensation Insurance and Adjustment Specialty Manufacturing estimated that its total…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: overtime premium

A: Overtime premium is the excess wage paid in addition to regular wages.

Q: 1. Paid $162,000 for salary up to 9th March (Tuesday). All employees work a five-day week and are…

A: Accounting journal is the first place where financial transactions are recorded for an organization.…

Q: 12. Adam Company's weekly payroll, paid or Thursday, for a total of $5,412 for a Five-day week. What…

A: Adjusting entries are recorded at the year end to make sure that appropriate amounts of revenue and…

Q: Giblin’s Goodies pays employees weekly on Fridays. However, the company notices that March 31 is a…

A: Journal entry is a process of recording the business transaction into books of accounts initially.…

Q: Roppongi Company incurred payroll for the week of 100,000, which consists of 70,000 earned by 20…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Marin Company's gross pay for the week ended August 22 totalled $71,200, from which $3,880 was…

A: Payroll: It implies a process of making payment to the employees of the business in the form of…

Q: Mar 15) issued check No. 417, payable to payroll, in payment of sales salaries expense for the first…

A: Journal: Recording of a business transactions in a chronological order.

Q: ) Journalize the payroll entry for the week. DATE   Debit Credit X/X…

A:

Q: 447.68 of CPP, $6,462 of income taxes, $1,090 of hospital insurance, and $580 of um eneral Journal…

A: The Salaries Payable is the total salaries less payables on account of EI, CPP, Income tax,…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…