ACCT 567 WEEK 4 PROBLEMS 7-3 AND 7-8
Follow below link to get this tutorial:
Contact us at:
ACCT 567 WEEK 4 PROBLEMS 7-3 AND 7-8
During the fiscal year ended September 30, 2011, the following
transactions (summarized) occurred:
1. Employees were paid $290,000 wages in cash; additional wages
of $43,500 were withheld for federal income and social security taxes. The
employer’s share of social security taxes amounted to $23,375.
2. Cash remitted to the federal government during the year for
withholding taxes and social security taxes amounted to $65,500.
3. Utility bills received from the Town of Fredericksburg’s
Utility Fund during the year amounted to $23,500.
4. Office expenses paid in cash during the year amounted to
$10,500.
5. Service supplies purchased on account during the year totaled
$157,500.
6. Parts and supplies used during the year totaled $152,300 (at
cost).
7. Charges to departments during the fiscal year were as
follows:
No comments:
Post a Comment