hristmas break to earn a short vacation during the first week of January 201 Sne arns three vacation days and will be paid $400 per day. She takes her vacation in anuary and is paid for those days. Prepare the journal entries on the government-wide financial statements for 2013 and 2014 because of these events. Government-Wide Financial Statements Date Dec 31, 2013 Jan 2014 Date Dec 31, 2013 General Journal (Click to select) Jan 2014 (Click to select) (Click to select) Fund Financial Statements (Click to select) Assume that Lincoln works in an activity reported within the General Fund. Prepare journal entries for the fund financial statements for 2013 and 2014 because of these events. General Journal (Click to select) (Click to select) (Click to select) Debit (Click to select) Credit Debit Credit

hristmas break to earn a short vacation during the first week of January 201 Sne arns three vacation days and will be paid $400 per day. She takes her vacation in anuary and is paid for those days. Prepare the journal entries on the government-wide financial statements for 2013 and 2014 because of these events. Government-Wide Financial Statements Date Dec 31, 2013 Jan 2014 Date Dec 31, 2013 General Journal (Click to select) Jan 2014 (Click to select) (Click to select) Fund Financial Statements (Click to select) Assume that Lincoln works in an activity reported within the General Fund. Prepare journal entries for the fund financial statements for 2013 and 2014 because of these events. General Journal (Click to select) (Click to select) (Click to select) Debit (Click to select) Credit Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In 20-- the annual salaries paid each of the officers of Perez, 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. If an amount is zero, enter "0". Enter all earnings and taxes to two decimal places. a. November 15 Name and Title Annual Salary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Perez, Paul, President $160,800 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Donald, Donna, VP Finance 141,600 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Funke, Jack, VP Sales 76,800 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Weis, Al, VP Mfg. 92,400 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Lang, Hope, VP Personnel 78,000 fill in the blank 17 fill in the blank 18…
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he following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $75,000 to an employee of the company and received back a one-year, 8 percent note. b. Dec. 31 Accrued interest on the note. 2018 c. July 1 Received interest on the note. (No interest has been recorded since December 31.) d. July 1 Received principal on the note. Required: Prepare the journal entries that Smart Solutions Inc. would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 10 through July 29. Total tuition paid by students for the summer session amounted to $123,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2019? Amount of revenue b. Would your answer to part a be any different if the university had a tuition refund policy that no tuition would be refunded after the end of the third week of summer session classes? O Yes O No
Please do not give solution in image format ? And Fast answering please and explain proper steps by Step.
On March 1. LGE asks to extend its past-due $9,200 account payable to Tyson. Tyson agrees to accept $2,200 cash and a 180 day. 8% $7,000 note payable to replace the account payable. Note: Use 360 days a year. (0) Prepare the March 1 entry for LGE. (2) Prepare the August 28 entry for LGE when it pays the note and interest to Tyson. Please use the picture and insert where the answers go!!
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.
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. Round your answers to the nearest cent. If an amount is zero, enter "0". a. November 15 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,280 $ $ $ $ Grath, John, VP Finance 137,400 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 55,200 Wie, Pam, VP Personnel 45,600 Grant, Mary, VP Secretary 37,200 b. December 31 Name and Title AnnualSalary OASDI TaxableEarnings OASDI Tax HI TaxableEarnings HI Tax Hanks, Timothy, President $152,280 $ $ $ $ Grath, John, VP Finance 137,400 James, Sally, VP Sales 68,400 Kimmel, Joan, VP Mfg. 55,200 Wie, Pam, VP Personnel 45,600…