subject
Business, 12.03.2021 15:30 tristanthecat

The following payroll liability accounts are included in the ledger of Devito Company on January 1, 2020: FICA Taxes Payable $1,750
Federal Income Taxes Payable 4,000
State Income Taxes Payable 665
Federal Unemployment Taxes Payable 175
State Unemployment Taxes Payable 1,190
Union Dues Payable 400
Health Insurance Payable 5,000
U. S. Savings Bonds Payable 1,500

In January, the following transactions occurred:

Jan.
9 Sent a check for $5,000 to Blue Cross and Blue Shield.
11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
14 Sent a check for $400 to the union treasurer for union dues.
18 Paid state income taxes withheld from employees.
21 Paid state and federal unemployment taxes.
22 Purchased U. S. Savings Bonds for employees by writing a check for $1,500.

Required:
Journalize the January transactions.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 23:30, gwendallinesikes
Select the correct answer. the word intestate means that a person has died with or without a will?
Answers: 1
image
Business, 22.06.2019 03:30, clevelandjaniya1
Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.
Answers: 3
image
Business, 22.06.2019 04:40, mswillm
Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Answers: 3
image
Business, 22.06.2019 22:30, jyworthy
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
You know the right answer?
The following payroll liability accounts are included in the ledger of Devito Company on January 1,...

Questions in other subjects:

Konu
Mathematics, 14.04.2020 17:48
Konu
Mathematics, 14.04.2020 17:48