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February 28, the payroll register contained the following totals: gross wages $92,750; federal income taxes withheld, $23,721; state income taxes withheld, $3,909; social security tax withheld, $5,751; Medicare tax withheld, $1,345. Prepare entries to record the (a) monthly payroll and (b) the employer payroll expenses, assuming social security and Medicare taxes equal to the amount for employees, and a federal unemployment insurance tax of .8 percent, a state unemployment tax of 5.4 percent. Wages subject to unemployment were $57,240.
brands resources traded an old machine for a new machine. the book value of the old machine was 150000 original cost
a company purchases equipment for 225000 on july 12009 with an estimated useful life of 10 years and expected salvage
Flagstaff Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000.
analyze the effects of each of the following transactions on each of the funds andor non fund accounts. salaries and
the following items appeared in the accounting records of trigueros a retail music store that also sponsors concerts.
pampp products implemented dollar value lifo inventory valuation in 2009 when their ending inventory was 650000. the
abc inc. purchased new machinery in order to improve its production process. classify each of the following
H2O Innovations: Identify a new capital project. Describe the project and problems you are going to have in estimating the cash flow that might be emanating from the initial investment and problems in getting it funded. Issues might be:
You're an IT auditor working for $15 million sales per year speciality chocolate candy manufacturer. The company is planning to engage in e-commerce over Internet. What would be your five biggest concerns regarding risk and why?
What model should be produced and how many can be produced to maximize profit?
the entry to record the annual depreciation includesa debit to accumulated depreciation.a credit to depreciation
wheeler corporation produces and sell special eyeglass straps for sporting enthusiasts. in 2011 the company budgeted
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