Ricardos Mexican Restaurants incurred salary expense of $65,000 for 2012. The payroll expense includes employer FICA tax
Question:
Requirement
1. Journalize Ricardo’s expenses for employee benefits and for payroll taxes. Explanations are not required.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Req 1 Journal Entry DATE ACCOUNTS AND EXPLANATIONS POST REF DEBIT CREDIT ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
ournalize these transactions explanations are not required Then report any liability on the companys balance sheet at December 31 comma 2012December 31 2012 Record debits first then credits...
-
During 2011, Mail Direct, Inc., incurred salary expense of $67,500, as shown on the income statement. The January 1, 2011, balance sheet showed salaries payable of $10,450; and the December 31, 2011,...
-
Natural Step Manufacturing incurred salary expense of $95,000 for September. The company's payroll expense includes CPP of 4.95 percent and EI of 1.4 times the employee payment, which is 1.88 percent...
-
Create the Control Panel interface that has the following 3 methods: public int warningLevel (); public String status (); public boolean isok (); Write 2 public static methods 1) Write a public...
-
Accountants for Crowne Plaza Products Inc. have assembled the following data for the year ended December 31, 2017: Requirement Prepare Crowne Plaza Products's statement of cash flows using the...
-
Singh Company started business on January 1, 2016. The following transactions occurred in 2016: 1. On January 1, the company issued 10,000 common shares for $250,000. 2. On January 2, the company...
-
Prepare and use contribution margin statements for dropping a line decision (Learning Objective 4)} The following operating income data of Abalone Seafood highlight the losses of the fresh seafood...
-
State law requires that school district budgets be balanced. After having worked for weeks to reduce expenditures to the minimum that would be educationally acceptable and politically feasible, the...
-
Find the inflection point(s) for the function f(x) = x' - 7x + 5360x + 2345. a.) (5, - 16515) b.) (0,2345) and (5, - 2105) O c.) (5, -2105) O d.) (0,2345)
-
Write pseudocode for a program that reads a name (such as Harold James Morgan) and then prints a monogram consisting of the initial letters of the first, middle, and last name (such as HJM).
-
Henry Striker manages a Frosty Boy drive-in. His straight-time pay is $10 per hour, with time-and-a-half for hours in excess of 40 per week. Strikers payroll deductions include withheld income tax of...
-
The following transactions of Denver Pharmacies occurred during 2011 and 2012: Requirement 1. Journalize the transactions in Denvers general journal. Explanations are notrequired. 2011 Purchased...
-
Define the term illegal act. What is the auditors responsibility with respect to illegal acts by clients?
-
Explain the constraints facing investors and discuss how each limits the investor in the portfolio management process.
-
A corporation considering expanding into overseas markets needs to be aware of a variety of dangers. The first factor is the country's political and economic stability, both of which are crucial for...
-
(25 pts) Below is a plot of the electric potential in a region as a function of x position. 3 Voltage (V) 1 2 4 5 9 0 2 4 8 10 Positon (m) (a) (5 pts) Calculate the x-component of the electric field...
-
A senior student, Zico, starts to manage his own banking account. His initial deposit is $2,000. Meanwhile, he starts to tutor 10 high school students in Calculus. Every week, each student contacts...
-
Consider the following information about Stark Industries' Shields Division. Stark Industries is considering adding a vibranium shield to the Iron Man Suits the company manufactures for the U.S....
-
Consider again the transactions data of 3M stock in December 1999. (a) Use the data to construct an intraday 5-minute \(\log\) return series. Use the simple average of all transaction prices within a...
-
How much more interest will be earned if $5000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly?
-
Match the following chromosome terms appropriately. crossing over deletion nondisjunction translocation gene mutation a. a chemical change in DNA that may affect genotype and phenotype b. movement of...
-
Consider the forms of business organization discussed in the chapter. Required: What are the three different forms of business organization? List the advantages and disadvantages of each form.
-
Listed below are various activities that companies engage in during a period. a. The sale of goods or services b. The purchase of equipment c. The payment of a dividend d. The purchase of supplies e....
-
Listed below are three independent scenarios. Required: Use the fundamental accounting equation to find the missingamounts. Liabilities $39,000 23,000 $12,000 Equity $40,000 75,000 Scenario Assets...
-
The following data have been recorded for recently completed Job 4 5 0 on its job cost sheet. Direct materials cost was $ 2 , 1 0 2 . A total of 4 1 direct labor - hours and 1 9 7 machine - hours...
-
Using the Sensitivity Report from the Quality Air Conditioning problem, answer the questions below: Table 1 : Sensitivity Report Variable Cells \ table [ [ Cell , Name, \ table [ [ Final ] , [ Value...
-
1 7 1 point Courses 1 Financial statements are prepared after an entity's transactions are analyzed and recorded. Which of the following reports is NOT one of the required financial statements?...
Study smarter with the SolutionInn App