Business
Business, 04.05.2021 21:40, dragonslayer321

Riverside Company completed the following two transactions. The annual accounting period ends December 31. a. On December 31, calculated the payroll, which indicates gross earnings for wages ($170,000), payroll deductions for income tax ($17,000), payroll deductions for FICA ($18,000), payroll deductions for United Way ($3,600), employer contributions for FICA (matching), and state and federal unemployment taxes ($2,100). Employees were paid in cash, but these payments and the corresponding payroll deductions and employer taxes have not yet been recorded.
b. Collected rent revenue of $4,560 on December 10 for office space that Riverside rented to another business. The rent collected was for 30 days from December 11 to January 10 and was credited in full to Deferred Revenue.
Complete the required journal entries to record payroll on December 31, collection of rent on December 10 and the adjusting journal entry on December 31.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 17:40, cookieasd9000
Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly
Answers: 2
image
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
image
Business, 22.06.2019 19:50, kipper5760
Bulldog holdings is a u. s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
image
Business, 22.06.2019 19:50, oomale
Joe pays ann to mow his lawn and ann mows vanna's lawn by mistake. vanna peers out her window and sees ann mowing, yet says nothing to ann about her mistake since vanna needs to have her lawn mowed. when ann approaches vanna for payment, vanna refuses, arguing that she never asked ann to mow her lawn. under these circumstances, ann can recover payment from vanna under:
Answers: 1
Do you know the correct answer?
Riverside Company completed the following two transactions. The annual accounting period ends Decemb...

Questions in other subjects:

Konu
Geography, 03.10.2019 11:30