Questions from College Accounting

Q: Autumn Company has five salaried employees. Your task is to use

Autumn Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following: 1. FICA OASDI is...

Q: Little Co. had the following balances on December 31, 201X

Little Co. had the following balances on December 31, 201X: The accountant for Little has asked you to make an adjustment because $420 of janitorial services has just been performed for customers wh...

Q: Oak Co. purchased merchandise costing $380,000. Calculate

Oak Co. purchased merchandise costing $380,000. Calculate the cost of goods sold under the following situations: a. Beginning inventory $40,000 and no ending inventory b. Beginning inventory $54,000...

Q: Prepare a worksheet for Mannon Co. from the following information using

Prepare a worksheet for Mannon Co. from the following information using Figure 11.9: Figure 11.9:

Q: Taylor Company uses a special payroll account to pay employees. The

Taylor Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $6,600; the net amount is $5,425. Journalize the transfer of funds to the payroll account a...

Q: Based on the following payroll tax depositor classifications, determine the 941

Based on the following payroll tax depositor classifications, determine the 941 tax deposit due date for each taxpayer:

Q: Bates Co. had the following balances on December 31, 201X

Bates Co. had the following balances on December 31, 201X: The accountant for Bates has asked you to make an adjustment because $430 of janitorial services has just been performed for customers who...

Q: Temporary accounts could appear on a post-closing trial balance.

Temporary accounts could appear on a post-closing trial balance. Agree or disagree?

Q: From the following accounts, journalize the closing entries (assume December

From the following accounts, journalize the closing entries (assume December 31).

Q: Smith Computer Center had 360 pieces of merchandise inventory as of June

Smith Computer Center had 360 pieces of merchandise inventory as of June 30, 201X.The inventory was purchased with prices as follows: Lot numbers represent oldest to newest. Assignment Using the F...