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Why don't you give it a try and I can help

Hello,

I have an opportunity for a position as an Accounting Supervisor at a large manufacturing firm. I was sent a questionnaire with many questions to answer and although I think I know how to...

Depends on your own personal discount rate. Try several different rates and solve for the Net Present Value (NPV) of both investments. Also you could try to calculate the Internal Rate of Return...

Right when you do payroll you are not actually paying the taxes at that time so the entry would be to:

Debt a Payroll Tax Expense account

Credit a Payroll Tax Liability Expense account

Thanks Morgaine,

For some reason I seem to be getting attacked lately when all I am trying to do is help and follow the rules.

Please try to do the entry yourself and I will let you know if it is right.

Why not go over your understanding of the process with an example and I could let you know how you are doing?

Of course you have to use GAAP but how simply or complex the transitions and entries need would be vary greatly on the size and type of organization we are discussing. Simply put we/I cannot give an...

Yes you are thinking about that correctly. Assets - Liab = Equity

Remember RE is just a part of equity..

Remember that Assets = Liabilities-Owners Equity

Also retained earnings is a type of equity.

If you want to post the question and your answer I will let you know if you are on the right track.

If that is true then fine I am sorry for assuming.

However, I still don't see how someone telling you the answer without explaining why is helping you learn anything at all.

All I am saying is...

I am going to move this to the tax section were a tax expert can help you.

Why don't you share your thoughts on this and then maybe we can discuss. This isn't a place to ask people to do your homework for you.

What do you mean by purchase differential? Are you talking about bonds issued at a discount? Could you please give an example of what you are trying to do?

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Click above link.

No offence here but you have heard of google.com right?

Beaten by the Karma

Not sure where it started they just are.

Copied from link below:

In Internet slang, a troll is someone who posts controversial, inflammatory, irrelevant, or off-topic messages in an online...

Yes, they are called Trolls. I find them pretty easy to spot.

What really gets me going is the constant stream of homework questions on some boards.

Yes because I know I like to do mutiple chose questions for fun...

Also, if OP wanted to know if his answer was right why not include the answer and ask if it is right.

Moreover, read the...

At what point do you no longer understand?

You are there, like I said you need to close all the revenue & expense accounts to the Exp and Rev Summary account. You need to zero all these accounts...

Why don't you tell me what you think the answer is and show your claculations and I will let you know if you are right or not.

This is not a place to have your homework done for you.

You shouldn't do other peoples homework.

First step is to close all the temporary accounts (reveunes and expenses) to income summary or in this case I think it is being called Exp and Rev Summary.

Looks right to me...

Only question I have is, is there anything in the allowance account now? Also the question doesn't seem to ask for a J/E just the amount.

If you have a good lawnmower repair shop in your area they should be able to tell you exactly what you need and will probably have it in stock.

I have tried to find repair parts for my lawnmower...

Please tell me you didn't really do this... I really hope this is just a homework question because it does not matter what date you put on a check it can be cashed on demand regardless of the date on...

Theoretically it is pretty simple just zero out all the account balances. In practice it is not as easy depends on what type of business you are talking about.

Are you talking about a...

The working papers need to demonstrate that you have gathered sufficient audit evidence to provide an assertion that the financial statements are free of material misstatement. Given this what do you...

How do you take a percentage to the bank? Your question makes sense does not.

You need to be more specific or post an example. I cannot follow what exactly you are asking.

I can't do the work for you. If you want to post your ideas on this subject I will discuss it. But I'm not doing your assignment for you.

I have a frigidaire dishwasher only two years old. It has started to make more noise then usual when it is run. I am not sure but the noise sounds like a motor to me. I told my wife she should stop...

Okay, I need a little clarification here...

Is your normal business a larger production run where you would calculate the breakeven point based on (P-VC)/FC, and now you have a customer that...

ROLCOM that is Rude...

Poster came here to ask a question because he/she was not sure. You don't have to treat someone like that, just politely give the answer... Maybe put some thought and or...

Again I think you need to have further conversations with your doctor and make sure you understand what he/she is saying...

Not sure if you mean a fractured rib. If you do I know what it feels like it recently happened to me.

Main symptom I had was yes, it hurt to take a breath. It HURT A LOT! First few days it hurt...

Well we didn't pull it off last night but I don't think it takes anything away from what they have already done!

Let's see what we can do in the big dance. The guys will have a chance to rest......

JB's post game comments...

Big East Tournament, Day 3: SU's Post-Game News Conference Video - Syracuse.com

Another great game, although nothing compares to that 6 OT game just nothing can comes close to that. There are these awesome t-shirts you can by in town here. I think I am going to go pick up a few....

You can't you need to look at the cash received. For example the daily cash sheets or the copies of the checks deposited.

If you can make the adjustments right in your inventory system that would be best.

I don't know what kind of system you are using or the exact nature of your errors. Could you be a little more...

As this is more a tax question I am moving it there so an expert will see it.

Yes Dinosaur BBQ in the city, pretty famous in the Syracuse area… Known as the best BBQ place in Central New York. If you want pulled pork I can’t find anywhere better in the area. Defiantly a dive...

The shot that should have counted...

I know I can’t be the only AMHD member who stayed up way too late to watch the basketball game last night. In case you are clueless I am talking about SU vs. UCONN that went to a record 6 overtimes....

You can file a dispute with all three credit reporting agencies about this matter. The company who reported it has about 30 days to respond and basically prove you defaulted on the debt or the...

Remember:

Assets = Liabilities + Equity

Now what makes up Equity? Do you get it now?

Right but typically they are deducted from payroll and as such are part of the payroll entry (as they reduce the amount the company needs to pay the emp). Then the same day as payroll the company...

If you are the only shareholder simply buy the stock back from the company. I would be easiest to do this at the price the company originally bought the stock back for. Otherwise you will have to...

Yes it is a liability, and then when the amounts are remitted to the 401k administrator you clear the liability. I would simply label the account Employee 401(k) contributions.

Just an FYI, the...