Glo-Brite has been notified by the insurance company that there will be no premium charge for the
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Question:
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 |
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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