Answer the following questions:

8.- if the ending balance on the cash short/over account is a credit, if indicates that cash shortages have exceeded cash overages for the period

FALSE

9.- Most employers are levied a payroll tax for

FICA taxes, federal and state employment compensation tax

10.- the correct journal entry to record the payment of FUTA is to:

Debit FUTA Payavle, credit Cash

12.- The August bank statement for Mobile Service shows a balance of $8,900, but the balance per books shows a cash balance of $8,310. Other information includes

1.- A check for $10 was recorded on the books as $100

2.- Included on the bank statement was a note collected by the bank for $600 plus interest of $40

3.-Checks outstanding totaled $ 480

4.- Bank service charges were $20

5.- Deposits in transit were $600

Which item(s) should be subtracted from the balance per books?

Bank service charge and note collected by the bank

Checks outstanding and bank service charge

Bank service charge

Deposit in transit

14.- The payroll register contains:

a) payroll information for the payroll period

b) the total information for individual employees

c) the ledger accounts for payroll

d) all cumulative payroll information

15.- Jessica receives $350.00 pay for working 35 hours. What was Jessicas rate of pay per hour?

a) $8.35

b) $10.00

c) $ 9.00

d) $ 9.05

16.- The more allowance an employee claims on a W-4form, the more take home pay the employee gets witch each paycheck

True

False

18.- A summary record of each persons earnings, deductions, and net pay is called a(n):

a) payroll register

b) W-4

c) employee individual earnings record

d) general journal

19.- Determine de adjusted cash balance per bank for Marble Rental on March 31, form the following information:

Cash balance on the bank statement $ 2,700

Customers check returned-NSF 300

Customers note collected by the bank 500

Deposit in transit, March 31 1,750

Outstanding checks, March 31 2,200

3,200

2,900

2,700

2,250

20.- The debit recorded in the journal to establish the petty cash fund is to

a) Cash

b) petty cash

c) accounts receivable

d) accounts payable