User Account

All Pages

Provide the appropriate journal entries

Assignment Help Accounting Basics
Reference no: EM132547612

Question - Victoria works for La Trobe University. Her annual salary is $104,000 and she is paid weekly. As part of his employment agreement, she is entitled to four weeks' annual leave each year. She receives a leave loading of 17.5 per cent.

REQUIRED -

a) Provide the weekly journal entries to record the recognition of Victoria's annual leave entitlements.

b) Provide the appropriate journal entries, assuming that Victoria takes two-weeks annual leave after being employed for one year and assuming that the tax deducted from the payment for the two weeks are $1600.

Reference no: EM132547612

Questions Cloud

Discovered several methods to attack-defeat cryptosystems : Malicious individuals have discovered several methods to attack and defeat cryptosystems. Identify one cryptographic attack and how you can protect against it.
Prepare journal entries and t-accounts : Prepare Journal Entries, T-accounts, an Income Statement, a Statement of Owners' Equity, Balance Sheet and Cash Flow
Solve the level of ticket sales for each price : Solve the level of ticket sales for each price, at which the company would be indifferent as between the fixed and percentage fee alternative.
Increase the chances of outbreeding : Which of these is not one of the methods used by angiosperms to increase the chances of outbreeding?
Provide the appropriate journal entries : Provide the appropriate journal entries, assuming that Victoria takes two-weeks annual leave after being employed for one year
Why you believe planning is important : Explain in your own words why you believe planning is important. Select one of the following businesses: a large bank, a government agency,
What is the name for the type of accounting : What is the name for the type of accounting that makes the manager of the center accountable for the cost or revenue associated with that department.
Calculate the present value lease liability amount : The estimated useful life of the machinery 5 years. Calculate the present value lease liability amount as at 1 July 2019
Find should finance department increase advertising budget : Find should finance department increase the advertising budget? In your opinion what is the alternative strategy if sales not increase?

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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