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3 years ago

The following totals for the month of June were taken from the payroll register of Xenos Company:

Business

1 answer:

Elza [17]3 years ago

3 0

Answer:

c. debit to Payroll Tax Expense for $1,050.

Explanation:

The payroll tax expense includes various expense like - Social security tax payable, medicare tax payable, unemployment tax payable, etc.

So, we consider these items only.

The journal entry is shown below:

Payroll expense A/c Dr XXXXX

To Social security taxes payable A/c XXXXX

To Medicare taxes payable A/c XXXXX

(Being payroll expense is recorded)

All other information which is given is not relevant. Hence, ignored it

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It increased by 2000

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3 years ago

A process cost accounting system is most appropriate when

mixer [17]

Answer:

When Manufacturing of a Product involves several processes.

Explanation:

When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate

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3 years ago

Psychology majors at the state college consist of 40 percent males and 60 percent females. The psychology department is conducti

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Answer:

proportionate stratified random sampling

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3 years ago

Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p

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Answer:

5th Nov is the latest date don could submit a event request.

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3 years ago

First, add Accounts Payable—J. C. Hollings and Accounts Payable—Craft Bank from the

Dvinal [7]

12. After posting the journal entries to the ledger, the balance of the Cash account is Credit $1,042.92.

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14.On May 3, the balance of the Equipment—Office account is Debit $690

15. The balance of the Accounts Payable—Bellhaven Bank account is Debit $1,000

16. After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92

17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is Credit $3,500

18. After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.

19. The entry you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is J1

20. Asset accounts are increased by entries to the debit side of the account.

Pretty sure I got all of them! Hope this helps!!

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3 years ago

Read 2 more answers