Exam (elaborations)
d102 Unit 9 Completing the Operating Cycle exam questions and answers
- Course
- Institution
d102 Unit 9 Completing the Operating Cycle exam questions and answers
[Show more]
Content preview
d102 Unit 9Completing the
Operating Cycle
exam questions
and answers
what is the journal entry to account for the
employees working?
DR salaries exp/CR salaries payable when
employees work
what is the journal entry when wages are
paid?
DR salaries payable/CR cash
Previous
Play
Next
Rewind 10 seconds
, Move forward 10 seconds
Unmute
0:01
/
0:15
Full screen
Brainpower
Read More
to record the expense for an employee's
monthly salary this is the journal entry:
DR salaries exp, CR all of the taxes and the
difference to salaries payable.
an entry to record the co's share of payroll
taxes is:
DR payroll tax exp, CR the different types of
taxes
journal entry to record paying the govt their
taxes due:
DR FICA taxes payable, FIT, FUTA, and CR
cash
journal entry to recognize accrued sick pay
DR salaries exp $100, CR sick days payable
$100
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78075 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now