ACCT HOMEWORK 12 - 250 cash accts pay 1386 direct materials...

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8.2 salary and wage expense 2025.00 FIT withheld 268.00 FICA 154.91 RETIREMENT 82.00 CASH 1520.09 Payroll tax expense 280.46 FICA 154.91 SUTA 109.35 FUTA 16.20 8.4 CASE 1:: 54,000 + 72,000 = 126,000 – 41,000 = 85,000 CASE 2:: 172,000 + 13,000 = 185,000 – 37,000 = 148,000 CASE 3:: 88,000 + 26,000 = 114,000; 114,000 – 67,000 = 47,000 8.11 purchases 15,100 accts pay freight on purchases 250 cash accts pay 1400 accts pay 13700 cash 8.12 direct materials inv. 15,100 Accts pay Direct materials inv. 250 Cash Accts pay 1400 Direct materials inv. Accts pay 13700 Cash 8.14 Perpetual direct matericals inv. 14949 accts pay direct materials inv.
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Unformatted text preview: 250 cash accts pay 1386 direct materials inv. Accts pay 13563 Discounts lost 137 Cash 1370 8.19 inventory:145,000 + 852 = 997; 997- 137,500 = 859,500 BI 137,500 ?? 109,000 + P 859,500 +P 859,500 COGAS 997,000 max owes 968,500 COGS 852 a/p end: 124 EI 145 cash paid: 44,500 8.20 ON PAPER P 8.1 Prepaid rent 5000 Cash Ad expense 950 Cash Office supplies 300 Accts payable Prepaid insurance 700 Cash Utility expense 240 Util payable Postage expense 365 Cash Util payable 240 Cash Supplies expense 2150 Office supplies Rent expense 1250 Prepaid rent Insurance expense 58.33 Prepaid expense ($700/6 * )...
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This note was uploaded on 03/17/2011 for the course ACCT 2102 taught by Professor Clark during the Spring '10 term at Georgia State University, Atlanta.

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ACCT HOMEWORK 12 - 250 cash accts pay 1386 direct materials...

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