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Jessica wants to replenish the $200 petty cash fund. She has receipts for the following total payments: supplies, $85; and repairs, $55. A cash count shows $75 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $55, debit Supplies $85 and credit Petty Cash $140
Debit Repair Expense $55, debit Supplies $85, debit Cash Short and Over $15, and credit Cash $155
Debit Repair Expense $55, debit Supplies $85, and credit Cash $125, credit Cash Short and Over $15
Debit Repair Expense $55, debit Supplies $85 and credit Cash $140
David wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies, $36; and postage (Office Expense), $27. A cash count shows $87 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Office Expense $27, debit Supplies $36 and credit Petty Cash $63
Debit Cash $63 and credit Miscellaneous Expense $63
Debit Miscellaneous Expense $63 and credit Cash $63
Debit Office Expense $27, debit Supplies $36 and credit Cash $63
Timothy wants to replenish the $300 petty cash fund. He has receipts for the following total payments: postage (Office Expense), $35; supplies, $25; and repairs, $95. A cash count shows $160 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Cash $155
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, and credit cash $140, credit Cash Short and Over $15
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Petty Cash $155
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, debit Cash Short and Over $5, and credit cash $160
Michael wants to establish a $500 petty cash fund for his business. He has requested a check for $500. What is the correct journal entry to record the transaction?
Debit Cash $500 and credit Petty Cash $500
Debit Miscellaneous Expense $500 and credit Cash $500
Debit Petty Cash $500 and credit Cash $500
Debit Petty Cash $500 and credit Miscellaneous Expense $500
Emily wants to replenish the $300 petty cash fund. She has receipts for the following total payments: supplies, $55; and repairs, $35. A cash count shows $195 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $35, debit Supplies $55, and credit Cash $90, credit Cash Short and Over $15
Debit Repair Expense $35, debit Supplies $55 and credit Petty Cash $90
Debit Repair Expense $35, debit Supplies $55, debit Cash Short and Over $15, and credit Cash $105
Debit Repair Expense $35, debit Supplies $55 and credit Cash $90
Claire wants to establish a $250 petty cash fund for her business. She requested a check for $250. What is the correct journal entry to record the transaction?
Debit Petty Cash $250 and credit Cash $250
Debit Miscellaneous Expense $250 and credit Cash $250
Debit Cash $250 and credit Petty Cash $250
Debit Petty Cash $250 and credit Miscellaneous Expense $250
Mary wants to replenish the $200 petty cash fund. She has receipts for the following total payments: supplies, $25; and repairs, $45. A cash count shows $130 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Cash $70 and credit Miscellaneous Expense $70
Debit Miscellaneous Expense $70 and credit Cash $70
Debit Repair Expense $45, debit Supplies $25 and credit Cash $70
Debit Repair Expense $45, debit Supplies $25 and credit Petty Cash $70
Joseph wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies, $75; and repairs, $43. A cash count shows $40 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $43, debit Supplies $75 and credit Petty Cash $118
Debit Repair Expense $43, debit Supplies $75, debit Cash Short and Over $8, and credit Cash $126
Debit Repair Expense $43, debit Supplies $75, and credit cash $110, credit Cash Short and Over $8
Debit Repair Expense $43, debit Supplies $75 and credit Cash $118
Daniel wants to replenish the $250 petty cash fund. He has receipts for the following total payments: postage, $34; and repairs, $76. A cash count shows $100 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $76, debit Office Expense $34, and credit Cash $110, credit Cash Short and Over $40
Debit Repair Expense $76, debit Office Expense $34 and credit Petty Cash $110
Debit Repair Expense $76, debit Office Expense $34, debit Cash Short and Over $40, and credit Cash $150
Debit Repair Expense $76, debit Office Expense $34 and credit Cash $110
Michelle wants to replenish the $300 petty cash fund. She has receipts for the following total payments: postage (Office Expense), $40; supplies, $25; and repairs, $45. A cash count shows $175 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and debit Cash Short and Over $15, and credit Cash $125
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110, credit Cash Short and Over $15
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Petty Cash $110
Scott wants to replenish the $225 petty cash fund. He has receipts for the following total payments: supplies, $35; and repairs, $15. A cash count shows $175 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Cash $50 and credit Miscellaneous Expense $50
Debit Miscellaneous Expense $50 and credit Cash $50
Debit Repair Expense $15, debit Supplies $35 and credit Cash $50
Debit Repair Expense $15, debit Supplies $35 and credit Petty Cash $50
Steve wants to replenish the $200 petty cash fund. He has receipts for the following total payments: supplies, $18; and repairs, $32. A cash count shows $145 in the petty cash box. What is the correct journal entry to record the transaction?
Debit Repair Expense $32, debit Supplies $18 and credit Petty Cash $50
Debit Repair Expense $32, debit Supplies $18 and credit Cash $50
Debit Repair Expense $32, debit Supplies $18, and credit Cash $60, credit Cash Short and Over $5
Debit Repair Expense $32, debit Supplies $18, debit Cash Short and Over $5, and credit Cash $55
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total deductions?
$34.67
$68.74
$160.33
$84.67
Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax $250.00. What is the entry to journalize the payment of the payroll taxes?
Debit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00
Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00
Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00
Debit Payroll Tax Expense $600.00; credit Cash $600.00
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the payment of the unemployment taxes?
Debit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00
Debit State Unemployment Tax Payable $168.00, credit Cash $168.00
Debit Payroll Tax Expense $168.00, credit Cash $168.00
Debit Cash $168.00; credit State Unemployment Tax Payable $168.00
Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's regular, overtime and total hours for the week.
30 Regular Hours, 18 Overtime Hours, and 48 Total Hours
40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
35 Regular Hours, 13 Overtime Hours, and 48 Total Hours
48 Regular Hours, No Overtime Hours, and 48 Total Hours
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of the unemployment taxes?
Debit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00
Debit Payroll Tax Expense $28.00, credit Cash $28.00
Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
Debit Cash $28.00; credit Federal Unemployment Tax Payable $28.00
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?
Debit Payroll Tax Expense $405.00; credit Cash $405.00
Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment of the unemployment taxes?
Debit Payroll Tax Expense $95.00; credit Cash $95.00
Debit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00
Debit Cash $95.00; credit State Unemployment Tax Payable $95.00
Debit State Unemployment Tax Payable $95.00; credit Cash $95.00
John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is the correct entry for recording the company's payroll?
Debit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Salary Expense $1,500.00, Cash $1,105.25
Debit Salary Expense $1,500.00, Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Cash $1,105.25
Debit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
Debit Wages Expense $1,500.00, Cash $1,105.25; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00
Debit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
$175.00
$173.25
$226.25
$426.75