Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on June 30th balance sheet? Ignore withholding taxes. $ Required 2: On August 31st there are 4 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on August 31st balance sheet? Ignore withholding taxes. $ Required 3: On January 31st there is 1 day accrued payroll to recognize in the monthly financials. How much is the accrued liability on January 31st balance sheet? Ignore withholding taxes. $
Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on June 30th balance sheet? Ignore withholding taxes. $ Required 2: On August 31st there are 4 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on August 31st balance sheet? Ignore withholding taxes. $ Required 3: On January 31st there is 1 day accrued payroll to recognize in the monthly financials. How much is the accrued liability on January 31st balance sheet? Ignore withholding taxes. $
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3PA
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![Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is $21,050.
Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on
June 30th balance sheet? Ignore withholding taxes. $
Required 2: On August 31st there are 4 days accrued payroll to recognize in the monthly financials. How much is the accrued liability
on August 31st balance sheet? Ignore withholding taxes. $
Required 3: On January 31st there is 1 day accrued payroll to recognize in the monthly financials. How much is the accrued liability on
January 31st balance sheet? Ignore withholding taxes. $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff306cc40-e923-45cf-9958-762e2dd45c28%2Fc366966e-5310-4368-85c0-0ee44c6e8755%2Fxnc47tv_processed.png&w=3840&q=75)
Transcribed Image Text:Tuck Company pays its employees weekly based on a 5 day 40 hour work week and the gross payroll is $21,050.
Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials. How much is the accrued liability on
June 30th balance sheet? Ignore withholding taxes. $
Required 2: On August 31st there are 4 days accrued payroll to recognize in the monthly financials. How much is the accrued liability
on August 31st balance sheet? Ignore withholding taxes. $
Required 3: On January 31st there is 1 day accrued payroll to recognize in the monthly financials. How much is the accrued liability on
January 31st balance sheet? Ignore withholding taxes. $
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