Business, 18.03.2021 23:10, sarbjit879
Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Michael Short, Capital; Michael Short, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $5,300. 3. Paid advertising expense, $3,360. 5. Paid cash for supplies, $1,440. 6. Purchased office equipment on account, $22,100. 10. Received cash from customers on account, $7,200. 15. Paid creditors on account, $2,110. 27. Paid cash for miscellaneous expenses, $910. 30. Paid telephone bill (utility expense) for the month, $340. 31. Fees earned and billed to customers for the month, $48,000. 31. Paid electricity bill (utility expense) for the month, $580. 31. Withdrew cash for personal use, $3,600. Journalize the selected transactions for October 20Y3. If an amount box does not require an
Answers: 2
Business, 21.06.2019 15:10, marialuis2732
Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,200 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,200 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:
Answers: 3
Business, 22.06.2019 02:10, dakodahepps
Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.
Answers: 1
Business, 22.06.2019 08:40, alvalynnw
Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
Answers: 2
Business, 22.06.2019 13:10, Mikey3414
Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .
Answers: 1
Simmons Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies...
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