Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 16, 2024

1- Aramco Company has salaries and wages expenses for the month of April $55,000. Aramco Company deducted $3,100 income tax and $1,450 for health insurance

1- Aramco Company has salaries and wages expenses for the month of April $55,000. Aramco Company deducted $3,100 income tax and $1,450 for health insurance and $2,505 for pension fund. `

Prepare the journal entry to record the salary and wages expenses assuming that company will pay the salary in 5^th of each month.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Routledge Handbook Of Environmental Accounting

Authors: Jan Bebbington, Carlos Larrinaga, Brendan O'Dwyer, Ian Thomson

1st Edition

0367724901, 9780367724900

More Books

Students also viewed these Accounting questions

Question

★★★★★

Why is it said that zero-coupon bonds lock in the reinvestment rate?

Answered: 1 week ago

Question

★★★★★

6. Why is an hour of capacity lost in a bottleneck work center so valuable?

Answered: 1 week ago

Question

★★★★★

Consider an n-server parallel queuing system where customers arrive according to a Poisson process with rate , where the service times are exponential random variables with rate , and where any...

Answered: 1 week ago

Question

★★★★★

The payroll register for Ritchie Manufacturing Co. for the week ended September 14, 2012, is presented in the working papers. Instructions 1. Journalize the entry to record the payroll for the week....

Answered: 1 week ago

Question

★★★★★

thr Manufacturing overhead was estimated to be OMR 400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was OMR 415,000, and actual labor hours were 21,000. Which...

Answered: 1 week ago

Question

★★★★★

You are borrowing $ 5 , 0 0 0 , 0 0 0 at 5 . 8 7 5 % , monthly pay that fully amortizes over 3 0 years. You are also required to pay two points to secure the financing. Assume that you will also sell...

Answered: 1 week ago

Question

★★★★★

Explore the qualities and qualification of human resource management

Answered: 1 week ago

Question

★★★★★

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

★★★★★

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

★★★★★

Preparing Financial Statements and Closing Process Beneish Company has the following account balances at December 31, the end of its fiscal year. Debit Credit Cash . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

Financial Statement Preparation: Prepare the income statement, balance sheet, and cash flow statement for a given company using provided trial balance data.

Answered: 1 week ago

Question

★★★★★

=+6. What five driving forces make CSR more relevant today?

Answered: 1 week ago

Question

★★★★★

=+3. Name the four responsibilities of a firm outlined in Archie Carrolls pyramid of CSR model. Illustrate your definitions of each level with corporate examples.

Answered: 1 week ago

Question

★★★★★

=+5. Define and discuss briefly the primary moral, rational, and economic arguments for CSR?

Answered: 1 week ago

Previous Question Next Question