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The balance sheet for WCW as of September 30, 2016, is as follows: Wayland Custom Woodworking Balance Sheet 9/30/2016 Assets Liabilities & Equity Cash $
The balance sheet for WCW as of September 30, 2016, is as follows: Wayland Custom Woodworking Balance Sheet 9/30/2016 Assets Liabilities & Equity Cash $ 1,125.000,00 Accounts Payable $ 112.490.00 Supplies 27,240,00 Salaries and Wages Payable Office Equipment 87.250.00 Federal Unemployment Tax Payable Inventory 123,000.00 Social Security Tax Payable Vehicle 25,000.00 Medicare Tax Payable Accumulated Depreciation, Vehicle State Unemployment Tax Payable Building 164,0D0.00 Employee Federal Income Tax Payable Accumulated Depreciation, Building Employee State Income Tax Payable Land 35,750.00 401(k) Contributions Payable Total Assets 1,587,240.00 Employee Medical Premiums Payable Notes Payable 224,750.00 Utilities Payable Total Liabilities 337.240,00 Owners' Equity 1,250,000.00 Retained Earnings Total Equity 1,250.000.00 Total Liabilities and Equity 1,587.240.00 October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number Name and Address Payroll Information OO-Chins Anthony Chinson Married, 1 Withholding allowance 530 Sylvann Avenue Exempt Logan, UT 84321 $24,000/year + commission 435-565-1212 Start Date: 10/1/2016 Job title: Account Executive SSN: 511-22-3333 00-Wayla Mark Wayland Married, 5 withholding allowances 1570 Lovett Street Exempt Logan, UT 84321 $75,000/year 435-555-1110 Start Date: 10/1/2016
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