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On January 15, the end of the first biweekly pay period of the year, North Company’s payroll register showed that its employees earned $28,000 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,800 of federal income taxes, $678 of medical insurance deductions, and $190 of union dues. No employee earned more than $7,000 in this first period.
Prepare the journal entry to record North Company’s January 15 (employee) payroll expenses and liabilities.
What is the increase or decrease in liabilities of Hodges as of October 31, 2013?
Heritage Products manufactures replicas of everyday items used during military reenactments. The company's direct materials purchases budget, direct labor cost budget, and factory overhead cost budget
In some cases , the motivation for the borrowing and repurchase of shares was the desire of executives to secure their year –end cash bonuses. Did these executives act ethically?
question charles austin of the controllers office of thompson corporation was provided the assignment of evaluating the
Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $26,000 for 15 years and to have a resale value of $50,000 at the end of that period. Dick Button has offered to buy Stacy’s vineyard busin..
On Dec 31, company needed to record its accrued wages for yr end. if dec 31 is a Wednesday, then company must account for three days of wages. the company operates on a five day work week, the prior week’s gross pay was 29,870 and the net pay was 19,..
Journalize the transactions - Post to the ledger T-accounts and prepare a trial balance on April 30, 2014.
prepare a memo to the chief accountant that includes the computations needed to determine primary and diluted earnings per share
Trimble Crane, Inc. has a number of divisions, including the Palm Division, a producer of hydraulic pumps, and Acer Division, a manufacturer of motors. If Trimble Crane, Inc. has a transfer pricing policy that requires transfer at full cost: Which di..
1. why might a company want to reduce its cash conversion cycle? consider the financial statement implication of
ForCo, a foreign corporation, receives interest income of $100,000 from USCo, an unrelated domestic corporation. USCo has historically earned 85% of its income from foreign sources. What amount of ForCo’s interest income is U.S. source?
This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?
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