Question
On February 1, 2017, Tart Company borrowed $11,000 cash from Queen Corporation giving Queen an $11,000, 6%, 7-month note. Tart repaid the note on September
On February 1, 2017, Tart Company borrowed $11,000 cash from Queen Corporation giving Queen an $11,000, 6%, 7-month note. Tart repaid the note on September 1, 2017. Tart Company prepares financial statements every three months on the following dates: March 31, June 30, September 30, and December 31.
REQUIRED: Give the general journal entries necessary to record the notes payable transactions for Tart for 2017.
DATE/ACCOUNT TITLE/DR/CR
Doormouse Company has the following payroll information available for the week ending on August 31, 2017:
Gross Pay 27,000 Federal Income Tax Withholdings 4,050
State Income Tax Withholdings 1,620
FICA Tax Withholdings 2,070 Federal Unemployment Taxes 162
State Unemployment Taxes 810
In addition, the employees have $650 withheld for the company health insurance program
For the weekly pay period ending on August 31:
Give the general journal entry to record the employee payroll.
Give the general journal entries to record the employer payroll taxes.
DATE/ACCOUNT TITLE/DR/CR Please do not leave anything out. I will just end up downvoting your answer. I really need help with this. thanks
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