Answer:
A. $35.34
B. $8.27
Explanation:
A. Calculation for The amount of OASDI taxes to withhold from Eager's pay
OASDI taxes to withhold =(320 + 250)*6.2%
OASDI taxes to withhold = $570 × 6.2%
OASDI taxes to withhold = $35.34
The amount of OASDI taxes to withhold from Eager's pay is $35.34
B. Calculation for amount of HI taxes to withhold from Eager's pay
HI taxes to withhold=(320 + 250)*1.45%
HI taxes to withhold =$570*1.45%
HI taxes to withhold= $8.27
Therefore The amount of HI taxes to withhold from Eager's pay is $8.27
Answer:
The statement is: True.
Explanation:
Project management is a tool that companies implement to handle new investments professionally to increase the possibilities of success. The project management process implies gathering all the data available to find out if the investment is necessary and if it is likely to work. The information obtained is then filed for future reference so it can be compared with other similar projects.
Answer:
No entry is made for this transaction
Explanation:
Given:
The liability side of a balance sheet:
In this scenario, Ziegler Corporation split his shares, a 2-for-1 stock split.
According to company law, there is no Particular entry will be made for split share, because it has no impact on the total equity amount.
Only a memo entry will be created to recognize this type of transaction.
Answer and Explanation:
The journal entries are shown below
1.
On Denver books
Equipment Dr $17,000
Accumulated depreciation $60,000
Loss on sale of equipment $3,000
To Equipment $80,000
(Being equipment recorded)
On Bristol books
Equipment Dr $17,000
Accumulated depreciation $25,000
To Gain on sale of equipment $10,500
To Equipment $31,500
(Being equipment recorded)
2.
On Denver books
Equipment Dr $20,000
Accumulated depreciation $60,000
To Equipment $80,000
(Being equipment recorded)
On Bristol books
Equipment Dr $6,500
Accumulated depreciation $25,000
To Equipment $31,500
(Being equipment recorded)
