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Question - During the month of March, Carla Vista Co.'s employees earned wages of $69,000. Withholdings related to these wages were $5,279 for Social Security (FICA), $8,086 for federal income tax, $3,342 for state income tax, and $431 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $755 for state unemployment tax.
Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
Prepare the entry to record the company's payroll tax expense.
federal semiconductors issued 10 bonds dated january 1 with a face amount of 870 million on january 1 2013. the bonds
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Journalize the entry to record factory labor cost
The regular annual salary
Determine the amount to be reported as the cost of the land. For each cost not used in part (a), indicate the account to be debited
determine whether Salomon Smith Barney Australia Corporate Finance should recognize the $2.5million as revenue
The manager of the Spartanland restaurant is developing the operating budget for next year, What is the current year's budgeted profit (loss)
For the current year ending March 31, Jwork Company expects fixed costs of $439,400, a unit variable cost of $52, Compute the anticipated break-even sales
The journal entries recorded by Magellan during 20X8 on its books if it accounts for its investment in Dipper using the equity method. The eliminating entries needed at December 31, 20X8, to prepare consolidated financial statements.
Leppard Corporation sells DVD players. The corporation also offers its customers a 2-year warranty contract. During 2010, Leppard sold 20,000 warranty contracts at $99 each.
Classify each event as an asset source, use, or exchange transaction.
Compute the balance in the Accumulated Depreciation account at the end of 2013 using the straight-line method.
Sanchez Company issues 10%, 15-year bonds with a par value of $120,000 and semiannual interest payments. On the issue date, the annual market rate.
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