
1.
Payroll: The total payment that a company is required to pay to its employee for the services received is called as payroll.
Payroll withholding deduction: The amounts which the employer withheld from employees’ gross pay to deduct taxes such as federal income tax, state income tax, local income tax, and social security tax are called payroll withholding deduction.
Payroll register: A schedule which is maintained by the company to record the earnings, earnings withholdings, and net pay of each employee is referred to as payroll register.
To Prepare: a payroll register for Incorporation F for the week ended December 9, 20Y8.
2.
To Journalize: The entry to record payroll for the week.

Trending nowThis is a popular solution!

Chapter 11 Solutions
Accounting, Chapters 14-26
- What is material quantity variancearrow_forwardAmish Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $276,660 for the year, and machine usage is estimated at 125,300 hours. For the year, $296,534 of overhead costs are incurred and 132,300 hours are used. Compute the manufacturing overhead rate for the year.arrow_forwardAccounting answer?arrow_forward
- Determine the expected profit or lossarrow_forwardThe following data were taken from the accounts of Burnside Bedknobs, a retail business. Determine the gross profit. Sales Sales returns and allowances $ 1,16,900 1,100 Sales discounts 400 Merchandise inventory, January 1 30,000 Purchases during the period 1,00,000 Purchases returns and allowances during the period 2,000 Purchases discounts taken during the period 2,800 Freight-in on merchandise purchased during the period 1,500 Merchandise inventory, December 31 50,000arrow_forwardWhat is Everest Industrial solutions net income for the year on these general accounting question?arrow_forward
- Sunrise Manufacturing has a Textile Division with the following financial details: • Sales: $320,000 • Cost of Goods Sold: $150,000 Operating Expenses: $75,000 Average Invested Assets: $1,500,000 • Hurdle Rate: 10%arrow_forwarddo not use ai solution given answer General accountingarrow_forward??!!arrow_forward
- Smith Enterprises started the year with total assets of $300,000 and total liabilities of $120,000. During the year, the business recorded $250,000 in revenues, $140,000 in expenses, and dividends of $50,000. Stockholders' equity at the end of the year was: A. $240,000 B. $180,000 C. $200,000 D. $130,000arrow_forwardDeltacorp Manufacturing is developing direct labor standards. The basic direct labor wage rate is $12.50 per hour. Employment taxes are 8% of the basic wage rate. Fringe benefits are $3.80 per direct labor hour. The standard rate per direct labor-hour should be: a. $6.75 b. $5.80 c. $12.50 d. $17.30arrow_forwardanswer ?? General accounting questionarrow_forward
- Financial AccountingAccountingISBN:9781337272124Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage LearningFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub
- Financial AccountingAccountingISBN:9781305088436Author:Carl Warren, Jim Reeve, Jonathan DuchacPublisher:Cengage LearningCollege Accounting, Chapters 1-27 (New in Account...AccountingISBN:9781305666160Author:James A. Heintz, Robert W. ParryPublisher:Cengage LearningCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781305084087Author:Cathy J. ScottPublisher:Cengage Learning





