True/False
Art Parrish is the sole employee of Parrish Sales. His company pays a portion of his health insurance premium, and also contributes to superannuation. The company share of the health insurance premium is $400, and the company contribution to the retirement plan is $550. The second journal entry in the payroll cycle to record the employee benefits to be paid by the company should include a credit to Cash for $950.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: An accrued expense is an expense that
Q30: Unearned revenue is an obligation to provide
Q30: General Stores borrowed $50 000 at 6%
Q32: The journal entry for accrued interest on
Q33: Which of the following are deducted to
Q35: In which of the following periods should
Q36: ABC Company signed a 5- year note
Q38: A $20 000, 3- month, 8% note
Q39: During December, General Stores made total sales
Q87: Warranty expense would be included in the