Question
Exercise 10-5 Dan Noll's gross earnings for the week were $1,600, his federal income tax withholding was $324, and his FICA total was $122. What
Exercise 10-5 Dan Noll's gross earnings for the week were $1,600, his federal income tax withholding was $324, and his FICA total was $122. What was Nolls net pay for the week? (Round answer to 0 decimal places, e.g. 5,275.) Nolls net pay for the week SHOW LIST OF ACCOUNTS Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable: not Cash.) (Round answers to 0 decimal places, e.g. 5,275. Assume FICA rate of 7.65%. Credit accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Record the issuing of the check for Nolls pay in the general journal. (Round answers to 0 decimal places, e.g. 5,275. Assume FICA rate of 7.65%. Credit accounts titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
list of accounts:
Exercise 10-5
Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Bonds Payable Cash Common Stock Cost of Goods Sold Depreciation Expense Discount on Bonds Payable Equipment Federal Income Taxes Payable Federal Uemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Inventory Lease Liability Loss on Bond Redemption Mortgage Payable Notes Payable Notes Receivable Other Operating Expenses Paid-in Capital in Excess of Par-Common Stock Payroll Tax Expense Preferred Stock Premium on Bonds Payable Prepaid Insurance Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue |
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