Part 2 of 2 Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. $ 1,700,000 72,000 94,000 122,000 331,000 397,000 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending. Finished goods inventory, ending i Cost of goods sold: Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $899,000. Goods available for sale 60,000 48,000 96,000 154,000 246,000 DELRAY MANUFACTURING Income Statement For Year Ended December 31 86,000 113,000 146,000

Part 2 of 2 Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. $ 1,700,000 72,000 94,000 122,000 331,000 397,000 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending. Finished goods inventory, ending i Cost of goods sold: Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $899,000. Goods available for sale 60,000 48,000 96,000 154,000 246,000 DELRAY MANUFACTURING Income Statement For Year Ended December 31 86,000 113,000 146,000

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter6: Analysing And Journalizing Payroll

Section: Chapter Questions

Problem 16PA: In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed,...

See similar textbooks

Similar questions

3
question 23 attached tot ss belowthanks for help appareicted itj25 h2i 2h6ho2
WELL8 TECHNICAL INBTITUTE Income statement For Year Ended December 31
Divisional income statements The following data were summarized from the accounting records for Vintage Construction Company for the year ended October 31, 20Y3. Prepare divisional income statements for Vintage Construction Company.
Exhibit 6-1 The totals from the first payroll of the year are shown below. Total Earnings $36,195.10 FICA OASDI $2,244.10 FICA HI $524.83 Refer to Exhibit 6-1. Journalize the entry to record the payroll. FIT W/H $6,515.00 State Tax $361.95 Union Dues $500.00 Net Pay $26,049.22
provide journal entries for the transaction letters: J, K, L
Required information Problem 17-6AA (Algo) Income statement computations and format LO A2 [The following information applies to the questions displayed below.] Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Assume that the company's income tax rate is 40% for all items. a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment g. Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. Net sales 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) o. Loss from settlement of lawsuit p. Income tax expense q. Cost of goods sold. Problem 17-6AA (Algo) Part 4 4. What is the amount of…
Assignments: ACTO-100-0H-Accounting Procedures-CRN 55-460 mapter 10-11) Question 12-Exam Two Chapter 10- The payroll register of the Fox Manufacturing Company showed total employee earnings of $30,000 for the week ended April 19, 20X1. Compute each of the employer's payroll taxes for the period. Use a rate of 6.2 percent for the employer's share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. Assume all earnings are taxable Social security tax Medicare tax FUTA SUTA Help
Requirement: 1.Post January ng transactions to the general ledger, and subsidiary ledgers for materials and work in process.
Required: 1. Post January transactions to the general ledger, and subsidiary ledgers for materials and work in process.
ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1B, compute the following activity measures for 20-2 (round all calculations to two decimal places): (a) Accounts receivable turnover (b) Merchandise inventory turnover (c) Asset turnover
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Prepare divisional income statements for Ruiz Industries Inc.