Complete the Company A’s payroll register.

Question

Financial accounting

Answer 1

Question

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 7.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

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Financial accounting

Erie Co. manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows. Standard Hours 18 minutes Standard Rate per Hour Standard Cost $ 17.00 $5.10 During August, 5,750 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $102,350 for the month. What is the standard labor cost allowed to make 20,000 Jogging Mates?

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Answer 2

Question

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 7.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 3

Question

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 7.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 4

Question

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 7.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 5

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 7.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 6

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

Answer 7

Chapter 8, Problem 2PA

1.

To determine

Complete the Company A’s payroll register.

Answer 8

2.

To determine

Prepare journal entry to record the payroll as of December 7.

Answer 9

2.

To determine

Prepare journal entry to record the payroll as of December 7.

Answer 10

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

Answer 11

3.

To determine

Prepare journal entry to record the payroll taxes as of December 7.

Answer 12

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 13

4.

To determine

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 14

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Answer 15

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Answer 25

Ch. 8 - Prob. 1QY Ch. 8 - Prob. 2QY Ch. 8 - Prob. 3QY Ch. 8 - Prob. 4QY Ch. 8 - Prob. 5QY Ch. 8 - Prob. 6QY Ch. 8 - Prob. 7QY Ch. 8 - Prob. 8QY Ch. 8 - Prob. 9QY Ch. 8 - Prob. 1DQ

Complete the Company A’s payroll register.

Solution Summary: The author explains that payroll refers to the total amount that is required to be paid by the company to its employees during a week, month or other period.

Complete the Company A’s payroll register.

Prepare journal entry to record the payroll as of December 7.

Prepare journal entry to record the payroll taxes as of December 7.

Prepare journal entry to record the payroll as of December 9 by assuming that the company has transferred cash to the cash-payroll bank account.

Chapter 8 Solutions