List three expense accounts related to payroll

Assignment Help Financial Accounting
Reference no: EM13955781

Expenses are costs incurred by an organization in the process of earning revenue during a given time period. Expense accounts have a direct impact on the profitability of an organization. List three expense accounts related to payroll. Describe when you would expect the account to be cleared to zero. Explain the methods you could use to reconcile these accounts.

Reference no: EM13955781

Questions Cloud

Calculate the full production cost perunit : Using traditional absorption costing, calculate the full production cost perunit and the profit per unit for each product. Comment on theimplications of the figures calculated.
What observations galileo make reinforced heliocentric model : What observations did Galileo make that reinforced the heliocentric model ? Why did these observations contradict the geocentric model ? Why could these observations not have been made before Galileo ?
Describe an ideal evaluation design : Describe an ideal evaluation design. Why - what are some of the challenges in determining sample size?
Problem regarding the annual financial statements : You are one of three partners who own and operate Marys Maid Service. The company has been operating for seven years. One of the other partners has always prepared the companys annual financial statements.
List three expense accounts related to payroll : List three expense accounts related to payroll. Describe when you would expect the account to be cleared to zero. Explain the methods you could use to reconcile these accounts.
Organization that submits a proposal for consideration : The FAR Part 15 provides the policies and procedures for the negotiation of a government contract. These guidelines protect both the government and the organization that submits a proposal for consideration, whether a competitive or other-than-com..
What are the major problems used in secondary data sources : What are the major problems used in secondary data sources, such as birth or death certificate data? What, if anything, can the evaluator do about these problems?
What is the maximum possible number of 6-letter words : Suppose that in a lottery you choose 5 numbers out of 47. Five numbers are then drawn and you win a prize if you have at least 3 of the 5 numbers. What is the probability that you win something?
Understanding of the role of statutory iinterpretation : Demonstrate an understanding of English Law - demonstrate the role of judges and what are the reasons for the courts using the Literal rule', the ‘Golden Rule' and the Mischief Rule?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Adjusting entries and financial statements

Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January.

  Explain how would you recommend that the change be made

If this change is made, what will be the new break-even point in dollar sales and in unit sales in Store 36? Would you recommend that the change be made? Explain.

  Evaluation of the ability to pay debts

Analyze the eomIximis financial' summary foodEr the fiscal yarstriclude201, the 8 to decide whether to invest in the COMM/311st . sections in your analysis, and hilly explain your final decision.

  Sales related transactions

After the amount due on a sale of $72,025, terms 3/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment.

  Write a one-half page report to a local not-for-profit firm

Write a one-half page report to a local not-for-profit organization or government agency offering a solution to the use it or lose it budgeting problem.

  Compute depletion expense that mertz should record for year

During its first year of operation, the company mined and sold 750,000 tons of ore. Compute the depletion charge per ton. Compute the depletion expense that Mertz should record for the year.

  What will be the firms cash cycle

Suppose that Tucker Industries has annual sales of $5.20 million, cost of goods sold of $2.80 million, average inventories of $1,135,000, and average accounts receivable of $520,000. Assuming that all of Tucker's sales are on credit, what will be the..

  Prepare separate entries for transaction for goetz company

Prepare separate entries for each transaction for Goetz Company. The merchandise purchased by Harris on June 10 cost Goetz $5,000, and the goods returned cost Goetz $310.

  Prepare journal entries and t accounts

Prepare journal entries and t accounts, what is asked of me is follows: earned 208,000 in revenue, including 52,000 on credit and the rest in cash.

  Compute the after-tax cost of debt for these bonds

Dunkin Industries sold a 15 year $1,000 face value bond with a 10.5 percent coupon rate. Interest is paid annually. After flotation costs, Dunkin received $920 per bond. Compute the after-tax cost of debt for these bonds if the firm's marginal tax ra..

  Prepare the journal entry to record the bonus issue

Prepare the journal entry to record the bonus issue, show all workings and identify two advantages of a private placement of shares as compared with a public issue.

  What was jill grier beginning capital balance

her share of the net loss for the year was $10,000. Her ending capital balance was $200,000. What was Jill Grier's beginning capital balance?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd