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
Inessa [10]
3 years ago
6

During the month of March, Sunland Company’s employees earned wages of $79,000. Withholdings related to these wages were $6,044

for Social Security (FICA), $9,258 for federal income tax, $3,827 for state income tax, and $494 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $864 for state unemployment tax.Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
Business
1 answer:
Brilliant_brown [7]3 years ago
6 0

Answer:

The Journal entry is as follows:

On March 31st,

Salaries and Wages Expense A/c Dr. $79,000

To Wages Payable                                              $59,377

To Federal Withholding Payable                        $9,258

To FICA Payable                                                  $6,044

To State Withholding Payable                            $3,827

To Union Dues Payable                                      $494

(To record the salaries and wages expense and salaries and wages payable)

You might be interested in
The word local describes:
Wewaii [24]
The answer is B because local is are around you so A and D is out of the question and C also is wrong
5 0
2 years ago
Skills that can be used in any occupation are ___________ skill. (soft or hard)​
mojhsa [17]

Answer: The answer is hard skills. Hope this helps :)

Explanation:

In most jobs being teachable is better and not all occuaptions include communication & human services.

8 0
3 years ago
A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e
Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

7 0
3 years ago
N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol
erma4kov [3.2K]

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12)                                    12,000

Additional Paid in Capital                        8,000

                         Treasury Stock (1,000 * 20)               20,000

6 0
3 years ago
When housing prices ________ as they did beginning in 2006 following the housing market bubble, most banks and other lenders tig
-Dominant- [34]

Answer:

"Fell" "Harder"

Explanation:

When housing prices fell as they did beginning in 2006 following the housing market bubble, most banks and other lenders tightened the requirement for borrowers, making it harder for potential home buyers to obtain mortgages.

6 0
3 years ago
Other questions:
  • The management of Blue Ocean Company estimates that 50,000 machine-hours will be required to support the production planned for
    11·1 answer
  • In most interviews (unlike typical conversations), the ratio of speaking turns is uneven. During a typical interview, the interv
    15·1 answer
  • Derrick delivers messages on his bike all over the busy, hilly streets of downtown san francisco. he is engaging in which type o
    14·1 answer
  • In which category do commodities belong?
    7·2 answers
  • Green Energy​ Inc., is a manufacturer of wind turbines. In the annual​ meeting, the directors are discussing the next​ year's op
    5·1 answer
  • Kristina has to deliver twenty 100-word marketing "blurbs" by the end of the week. Which of the following aspects of her project
    8·2 answers
  • On January 1, 2016, ABC Corporation purchased Equipment C for $72,000. Equipment C is expected to have a useful life of 8 years,
    7·1 answer
  • Based on the module, describe three strategies that can help you use credit wisely.
    6·2 answers
  • On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets o
    15·1 answer
  • Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!