Date Account Titles and Explanation Debit Credit Jan. 31

Q: Given the following data from the payroll register of Johnson Construction, prepare the journal…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Accounting A company’s employee earns a monthly salary of 1.400€. Income taxes withheld are 280 €.…

A: Liability: It can be defined as the amount owed by the business.

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: The revolving credit is a line of credit that remains open and does not have a fixed number of…

Q: Byrde Industries had the following transactions occur: Nov. 1: Accepted a $81,000, 75 day, 5% note…

A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…

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: Tresses, Inc., which has a December 31 year end, lent $1,000 on December 1 to an employee at 6% due…

A: Adjusting Entries are the entries that make the accrual principle work for the organization. These…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: Finance charge The cost incurred by the borrower at the time of borrowing money is known as a…

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: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: the interest charged on the outstanding balance is calculated based on the balance that was carried…

Q: At Lily Company, employees are entitled to one day's vacation for each month worked. In January, 70…

A: Journal entries are the primary method for recording financial transactions in the books of…

Q: percentage rate is 27%. Complete the account activity table for Kathy. (Round your answers to the r…

A: Finance Charge: It refers to the cost of borrowing like interest paid on debt.

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: Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers'…

A: Worker's Compensation:-These are those amount which paid to the workers when they get injured during…

Q: ssume that salaried employees of Mayer, Incorporated, earn 2 weeks of vacation per year. The…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: n April 12, Hong co. agrees to accept a 60 day 10% 6,000 note from indigo co. to extend the due date…

A: As accounts payable are decreasing, So we need to debit the accounts payable and notes payable are…

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: On December 16, Charlotte's Cookies signed a $27,000, 75-day, 9% note payable to cover a past due…

A: Notes payable are a promissory notes and a negotiable instruments. In this one party agrees to pay a…

Q: Florida Keys Construction installs swimming pools. It calculates that warranty obligations are 3% of…

A: Estimated liability = Sales x warranty obligations % = $1,450,000 x 3% = $43,500

Q: Jan 15. Paid the semi-monthly payroll, which totaled $8,000, to the firm's workers, all of which are…

A: Payroll:Payroll is the list of employees of the company that are entitled to receive pay and the…

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: The employees of Ethereal Bank are paid on a semimonthly basis. All employees are single. Required:…

A: FICA taxes are deducted from each paycheck of employees, with equivalent contribution from the…

Q: McFriend Inc. records its liabilities for employees' vacations at the end of each month. For the…

A: According to the logic of a journal entry, every business transaction should be documented in at…

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: In January, gross earnings in Bramble Company totaled $82,000. All earnings are subject to 7.65%…

A: Payroll tax is typically described as the tax that would be withheld, imposed, or imposed on the…

Q: In January, the payroll supervisor determines that gross earnings for Sheridan Company are $68,000.…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: Same Day Surgery Center received a 120-day, 7% note for $96,000, dated April 9 from a customer on…

A: Maturity value of the note = Face value of bonds + Interest

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: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: given that the monthly balance =$640.00annual percentage rate = 21%Finance Charge (APR)=???Purchases…

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: Use the unpaid balance method to find the finance charge on the credit card account for April. The…

A: Financial charges refer to the charges applied to the debit balance of the credit card.

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: Month: April (30 days), previous month s Balahce: $270 Use the average daily balance method to…

A: Credit card finance charge: Any fee related to borrowing money and repaying it over time is referred…

Q: 2 3. 4. 5. 6. (a) Issued common stock at par for $20,000. Recorded depreciation on buildings for…

A: Journal entry is the procedure for initially documenting commercial transactions in the books of…

Q: Hansen has a revolving credit account. The finance charge is calculated on the previous month's…

A: Banks charges interest based on the monthly basis and all calculations and settlement done on the…

Q: Prepare journal entries to record these transactions: (Round your answers to 2 decimal places.) Oct.…

A: Notes receivable are a variation of accounts receivable, in which a business essentially makes a…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: Given The Previous month balance is $720 APR is 21%

Q: Reviewing payroll records indicates that employee salaries that are due to be paid on January 3…

A: Payroll records are archives or documents that have anything to do with an employee's check. The…

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

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: In January, gross earnings in Swifty Company totaled $96,000. All earnings are subject to 7.65% FICA…

A: FICA Taxes payable = Gross earnings x FICA tax rate = 96,000 x 7.65% = $7,344