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March 31 gross salaries expense of $35,000
FICA Social Security (6%)
FICA Medicare (2%)
state income tax (5%)
federal income tax (15%)
1. Prepare the general journal entry for the employer's payroll liability.
2. Prepare the general journal entry for the employer's payroll tax liability.
3. Prepare the general journal entry to liquidate the liabilities accrued in parts (a) and (b) on March 31.
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Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period total $384,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?
What would your response be, drawing on concepts from this course. What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting.
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Create tables to compare the data from SMH to the data from the other facilities. You will use two years of data for comparison.
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Jackson Corporations retained earnings account balance was 75,000 on January 1. During January, the company recorded revenue of $100,000, expenses of $60,000, and dividends of $5,000. The company also purchased land during the period for $20,000 c..
Identify and analyse what are the potential problems associated with this accounting standard, the IASB’s actions to improve this standard?
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