Answer:
The journal entries are given as follows;
Explanation:
Jan 5
Cash Dr.$20,520
Sales Tax Payable 20,520-(20,520/1.08) Cr.$1,520
Inventory Cr.$19,000
Unearned Service Revenue Dr.$12,000
Service Revenue Cr.$12,000
Employee payroll Expense Dr.$452,000
Social Security payable Cr.$3,978
Federal Income Tax payable Cr.$5,686
State Income Tax payable Cr.$1,706
payroll Expenses payable (452,000-3,978-5,686-1,706) Cr.$440,630
Answer: closely held
Explanation:
Based on the information that are given in the question, Care personnel company would be a closely held organization.
A closely held corporation, is also referred to as the closed corporation. For such firma, few number of people hold their stock.
Interval at 95% confidence = p+/- Z sqrt (p(1-p)/n)
Upper interval => 0.68=p+1.96 sqrt (p(1-p)/n)
Lower interval => 0.52=p-1.96 sqrt (p(1-p)/n)
Putting sqrt term to be "q"
0.68=p+1.96q
0.52=p-1.96q
Adding the two equations to solve for p (proportion of 150 adults rootng for North high school);
1.2 = 2p => p=0.6
Answer:
The journal entries are as follows:
(i) On June 1,
Petty cash A/c Dr. $200
To cash $200
(To record petty cash established)
(ii) On June 30,
Postage A/c Dr. $25
Entertainment A/c Dr. $100
Miscellaneous A/c Dr. $20
To cash short and over A/c $2
To cash ($200 - $57) $143
(To record cash replenishment)
Overpricing is a real issue
