Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is $22,300 Required 1: On June

image text in transcribed
Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is $22,300 Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on June 30th balance sheet? Ignore withholding taxes. $ Required 2: On August 31st there are 4 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on August 31st balance sheet? Ignore withholding taxes. $ Required 3: On January 31st there is 1 day accrued payroll to recognize in the monthly financials. How much is the accrued liability on January 31st balance sheet? Ignore withholding taxes. $ Instructions: Use 2 decimal places and only type the number without signs except for negative numbers that are preceded by a minus sign". If the right answer is 1070.39 you type "1070.39". It will not be read as correct if you type *1.070.39", "$1070.39" or any other combination. If the right answer is negative 1070.39 you type "1070.39

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

How To Audit ISO 9001 2015 A Handbook For Auditors

Authors: Chad Kymal

1st Edition

087389927X, 978-0873899277

More Books

Students also viewed these Accounting questions

Question

3 > O Actual direct-labour hours Standard direct-labour hours...

Answered: 1 week ago

Question

What is the preferred personality?

Answered: 1 week ago