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Unformatted text preview: DC Management, Inc. February rent January invoices issued for consulting services rendered (use the Sales Journal): Inv # Date Amount Client Name 1028 01/15/xx 1,500.00 Reliance Products 1029 01/28/xx 3,000.00 JT Construction Payroll information (use the Payroll Journal): Susan Smith is paid $30 per hour, or $4,800 per month Her deductions are: $367 for FICA, $500 for Federal income taxes, and $100 for State taxes. Remember that employers contribute an equal amount of FICA tax. FICA tax is made up of social security (6.2%) and medicare (1.45%), but can be recorded together. Expenses incurred but not paid in January (use the General Journal): Date Amount Vendor Explanation 01/31/xx 300.00 Staples Office supplies 01/31/xx 1,000.00 John Doe Subcontractor Other information (use the General Journal): • Equipment is depreciated using straight-line method at $800.00 per month. • Rent is due on the last day of the preceeding month....
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- Spring '11
- invoice, SUSAN SMITH, payroll journal, Reliance Products JT