Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Glo-Brite has been notified by the insurance company that there will be no premium charge for the month of December on the policy for Virginia

Glo-Brite has been notified by the insurance company that there will be no premium charge for the month of December on the policy for Virginia Russell . Prepare the entry for the check made payable to the estate of Virginia A. Russell, for the amount that was withheld for insurance from her December 14 pay.

The Amount withheld was 14.70


Group Insurance Premiums Collected

27

14.70


Payroll Cash

12


14.70





Payroll Cash

12

-14.70


Cash

11


-14.70

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Dr Group Insurance Premium Collected 1470 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
6091a4a8e136c_22491.pdf

180 KBs PDF File

Word file Icon
6091a4a8e136c_22491.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

6th edition

9780077632182, 78025672, 77632184, 978-0078025679

More Books

Students also viewed these Accounting questions

Question

Why are fixed costs never relevant in a product mix decision?

Answered: 1 week ago