How will I journalize this transactions


Paid lancaster advertising agency $645.22 for preparing advertisements in local newspapers

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Originally Posted by whitem555

how will i journalize this transactions


Paid lancaster advertising agency $645.22 for preparing advertisements in local newspapers

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Dr. Advertising Expense
Cr. Cash

Dr.= Debit
Cr.=Credit

How do u journalize this transactions?

Paid palomar properties $3,660.00 for jan. rent. Of this amount, 30% is for office facilities and 70% is for factory facilities

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Originally Posted by whitem555

how do u journalize this transactions?

Paid palomar properties $3,660.00 for jan. rent. Of this amount, 30% is for office facilities and 70% is for factory facilities

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Dr.Rent expense- office space... 1,098
Dr. Rent Expense- factory space... 2,562
Cr. Cash... 3,660

That is assuming that the 3,600 is not a prepaid amount for a certaint amount of time.

How would I journalize


Receiced a check from lowland corporation for the amount due within the discount period 9340.00

How would I journalize?


Paid state national bank 27,412.00 for December payroll taxes payable as follows:
Employee's income tax payable, 16,800.00: FICA Tax Payable, 10,612.00

Quote:

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Originally Posted by whitem555

how would i journalize


receiced a check from lowland corporation for the amount due within the discount period 9340.00

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I wish you had included the amount or % of the discount given. I am guessing the discount is for a sale
Then:
Dr. Cash... xxxxx
Dr. Sales discount... xxxxx
Cr. Accounts receivable... $9,340

And if the discount is not from a sale
Dr. Cash... xxxx
Dr. Discount Expense... xxxx
Cr. Accounts receivable... 9,340

You want to hire an accountant please hire qcmar or she will give answers for free

Quote:

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Originally Posted by whitem555

how would i journalize?


Paid state national bank 27,412.00 for december payroll taxes payable as follows:
employee's income tax payable, 16,800.00: FICA Tax Payable, 10,612.00

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Dr.Employee's income tax payable... 16,800
Dr.FICA Tax payable... 10,612
Cr. Cash... 27,412

Is a relly good question

Because I think it was sarcastic

Thank you qcmar for you help I'm new a this

How do I journalize this

Applied 3,521 of direct materials(Direct Materials Requisition No. 238) and 8220.00 of direct labor (time ticket no. 129) to job no. 351, which will complete the job. The FICA rate is 7.65% of gross pay, and the employees' income tax rate is 18% of gorss pay. When preparing the entry for applying direct labor, debit work in progress fro the gross pay and credit employees' income tax payable and FICA tax payable for the appropriate amounts and salaries payable for net pay. Remember that employees' are paid on the last day of the month. Applied factory overhead is base upon 120% of direct labor cost transferred the completed job to the Finished Goods account.