User Account

All Pages

Make journal entry for vacation pay and pension benefit

Assignment Help Accounting Basics
Reference no: EM132877943

Problem - Vacation pay and pension benefits - Lutes Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $25,500 for the period. The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period. Make journal entry for the (a) vacation pay and (b) pension benefit.

Reference no: EM132877943

Questions Cloud

How did women stigmatized : Women are more vulnerable to HIV infection, How did women stigmatized and how did they cope within the interpersonal, community, and institutional levels?
Provide the journal entry for estimated warranty expense : Provide the journal entry for (a) the estimated warranty expense on May 31 and (b) the October 10 warranty work
How much reproductive control did the young mothers : What was the prevalence of domestic violence (both physical abuse and sexual coercion) among Rosen's sample of young teen mothers?
Describe persistent patriarchal biases within social : Do home pregnancy tests increase or decrease the amount of medicalization that women experience? Fully explain and provide support your answer.
Make journal entry for vacation pay and pension benefit : The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Make journal entry for vacation pay and pension benefit
Understanding and minimizing conflict among troops : You are a special assistant to the commander-in-chief of a peacekeeping mission to a war - torn part of the world. The unit consists of a few thousand peacekeep
Particular media release that involved disaster : Provide a response critically analyzing a particular media release that involved a disaster. Be sure to include the link to the media release.
Disadvantages of handy motivation calculus model : Examine the advantages and disadvantages of Handy's motivation calculus model with reference to the two principles in which Maslow's hierarchy of needs operate
Provide the journal entry to record the payroll tax : Assume earnings subject to state and federal unemployment compensation taxes are $12,500, Provide the journal entry to record the payroll tax

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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