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igomit [66]
3 years ago
14

Piedmont Company's gross salaries and wages are $32,000, and it withholds $4,800 for income taxes and $2,448 for FICA taxes, the

journal entry to record the employees' pay should include a:
Business
1 answer:
suter [353]3 years ago
7 0

Answer: d. credit to Salaries and Wages Payable for $24,752.

Explanation:

Salaries and Wages payable are calculated by deducting taxes from the gross salaries and wages.

= 32,000 - 4,800 - 2,448

= $24,752

Salaries and Wages Payable will be credited $24,752 to reflect that this amount is owed to employees.

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a CTSO for students taking marketing classes

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3 years ago
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Woodwick Company issues 9%, five-year bonds, on December 31, 2014, with a par value of $96,000 and semi-annual interest payments
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Answer:

A) The issuance of bonds on December 31, 2016.

Dr Cash 104,031

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C) The second interest payment on December 31, 2017.

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4 0
3 years ago
A liquid asset is one that is easy to cash in.
Yuliya22 [10]
Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
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3 years ago
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Broker Joe has a listing for a distressed seller. He finds a buyer for the property who enters into a contract for purchase. Ten
cluponka [151]

In this situation when the seller has filed for bankruptcy then Broker Joe has to terminate the contract. Therefore, Option B is the correct statement.

<h3>What do you mean by contract?</h3>

A legally enforceable agreement that creates, defines, and regulates mutual rights and obligations between its parties is called a contract.

An agreement usually involves the exchange of goods, services, money, or the promise to change any of these at a later date.

Therefore, Option B is the correct statement.

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8 0
2 years ago
Your firm's last three years of sales have been $1 million, $2 million, and $3 million (oldest to most recent). Year-end invento
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Answer:

we will save 500,000 dollars worth of inventory.

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If sales are 4,000,000 then the expected inventory will be 1,000,000

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4,000,000/inventory = 8

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the difference is for 500,000

6 0
3 years ago
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