Plymouth Sharks Hockey Accessories had the following transactions involving the sale of merchandise.You are to prepare the necessary general journal entries.All sales are subject to a 6% sales tax and have a 2/10,n/30 discount terms.
December 2 Sold merchandise priced at to Cathy Norton on account.
December 4 Sold merchandise priced at to a cash customer.
Decem ber 10 Payment from Cathy Norton received.
Decem ber 16 Cash customer returned worth of merchandise.
-The Wages and Salaries Expense account would be used to record:
A) net earnings for the office workers.
B) a credit to the amount owed for overtime.
C) gross earnings for the office workers.
D) a debit for the amount of net pay owed to the office workers.
Correct Answer:
Verified
Q6: The account for Payroll Tax Expense includes
Q6: Grammy's Bakery had the following information
Q7: What is debited if State Unemployment Tax
Q9: The information needed to make the journal
Q10: Form SS-4 is:
A) completed to obtain an
Q12: The entry to record the payroll tax
Q13: The employer's total FICA,SUTA,and FUTA tax is
Q13: Which of the following statements is false?
A)
Q16: What type of account is Payroll Tax
Q20: A monthly depositor:
A) is an employer who
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