N
Nickolaus
Guest
hello, Im not trying to cheat these three questions. I just come up with differant answers each time. Please assist me, I have a final coming up and Ive got to understand these.
Advance ticket sales totaling $6,000,000 cash would be recognized as follows
A debit Sales, credit Unearned Revenue
B debit Unearned Revenue, credit Sales
C debit Cash, credit Unearned Revenue
D debit Unearned Revenue, credit Cash
Katey Cat is paid on a monthly basis. For the month of February of the current year, she earned a total of $8,288. FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes liabilities
A $56.00
B $120.18
C $378.00
D $1068.04
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement
A $0 gain or loss
B $1500 gain
C $1500 loss
D $3000 gain
Advance ticket sales totaling $6,000,000 cash would be recognized as follows
A debit Sales, credit Unearned Revenue
B debit Unearned Revenue, credit Sales
C debit Cash, credit Unearned Revenue
D debit Unearned Revenue, credit Cash
Katey Cat is paid on a monthly basis. For the month of February of the current year, she earned a total of $8,288. FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes liabilities
A $56.00
B $120.18
C $378.00
D $1068.04
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement
A $0 gain or loss
B $1500 gain
C $1500 loss
D $3000 gain