1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
3 years ago
14

Bridgeport Corporation's weekly payroll of $16,000 included FICA taxes withheld of $1,224, federal taxes withheld of $3,250, sta

te taxes withheld of $860, and insurance premiums withheld of $240. Prepare the journal entry to record Bridgeport's payroll. 5 entries for accounts and debits/credits.
Business
1 answer:
vichka [17]3 years ago
6 0

Answer:

The following 5 entries shall be booked in Accounts of Bridgeport Corporation for the purpose of weekly Payroll:

Explanation:

                                                                     Debit                                Credit

payroll expense                                            $16000

FICA tax withheld payable                                                                   $1224

Federal taxes withheld payable                                                           $3250

State taxes withheld payable                                                               $860

Insurance Premiums payable                                                               $240

Salaries payable to employees                                                            $10426

(16000-1224-3250-860-240)

You might be interested in
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow f
grandymaker [24]

Answer:

d. To find a project's IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs

Explanation:

The internal rate of return, will be the rate at which the net present value of a project is zero.

net present value = present value fo the cash inflow - investment

using the IRR on the cash inflow we have a present value equal to the investment made, which makes the net present value equal to zero.

Therefore, the IRR is the maximun rate the project can yield

6 0
3 years ago
Genna Raiter, the president and CEO of Car Keepers Garage, has asked several of her managers and employees to help establish a s
Nonamiya [84]

Answer:

The options for this question are the following:

A. payoff matrix.

B. mission statement.

C. tactical plan.

D. organization chart.

The correct answer is B. Mission statement.

Explanation:

A good mission statement is a useful tool for well-managed businesses. It is the "why" of business strategy.

A mission statement defines the objectives of what a company does by:

Your clients

The employees

Their owners

Some of the best mission statements also extend to include the fourth and fifth dimensions: what the company does for its community and for the world.

In terms of marketing, a mission statement is a brief paragraph that describes what your business does and why it exists. If that sounds like useless marketing that could be labeled as a long list of the most important things to do, you're not alone.

The reality is that many mission statements are ineffective. Usually, they are the ones written in minutes with very little thought from their creators.

7 0
3 years ago
Van has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
creativ13 [48]

Answer:

Money is served three purposes- unit of account, store of value and medium of exchange

Explanation:

In this question, we are to identify the role money plays in each of the following parts of the story.

Money is used to measure the valueof good in money unit, so the values can be compared easily.

In the first case, Van is comparing between value of goods. the money serves as unit of account.

Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.

In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.

Money also has store of value, it can be saved and exchanged for goods over time.

In third case, Van is saving money for future exchange, money is serving its store of value function.

3 0
4 years ago
Why is it important not to leave your personal information on a public computer?
Tom [10]

One reason that it is important not to leave your personal information on a public computer is identity theft.

If you are logged into a personal site on a public computer and the information is accessed by someone else you could have your identity stolen. A dishonest person could use the personal information to apply for credit in your name.

6 0
3 years ago
Identify and explain two characteristics of the packaging of the chocolate bars​
zubka84 [21]
Chocolate products are protected throughout the distribution process. Flexible packaging keeps goods fresher for longer, as packaging can include foil layers that ensure that products are preserved. Flexible chocolate packaging provides valuable nutritional information that assist consumers in correct product selection.
hope it helps you
thank you
5 0
3 years ago
Other questions:
  • Journalist barbara ehrenreich traveled around the country to study firsthand what it was like to get by working low-wage jobs. a
    14·1 answer
  • The LaGrange Corporation had the following budgeted sales for the first half of the current year:
    12·1 answer
  • whether investments are reported as current assets or noncurrent assets depends on the company's intent. (points : 5) true false
    6·1 answer
  • For a new small business, it's usually best to have what kind of scope?
    10·2 answers
  • In March 2017​, the money price of a carton of milk was ​$1.76 and the money price of a gallon of gasoline was ​$2.39. Calculate
    5·1 answer
  • The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016, the end of the year, and its revenue and
    15·1 answer
  • What are some ways that people might describe themselves?
    15·2 answers
  • Which of the following LEAST affects the location of an industry
    13·1 answer
  • Consider Franco Co, the parent of a US-based multinational corporation (MNC) that uses forecasted exchange rates to assist with
    11·1 answer
  • What is the chief benefit to using a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!