which report contains paid employee wages and salaries for a period? Multiple Choice • The balance sheet • The labor report • The income statement • The statement of owners' equity
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which report contains paid employee wages and salaries for a period?
Multiple Choice
• The
• The labor report
• The income statement
• The statement of owners' equity
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- Who among the following uses accounting information to know the possible wage increments? a. Bankers Ob. Customers O c. Employees O d. OwnersWhich of the following factors could assist employers in determining employee pay rates? A. Employee marital statusB. Company’s net incomeC. Employee FLSA statusD. Industry typeEmployee net pay.
- What is the name of the employee?Prepare the journal entry for the salaries and wages paid.The ledger of Blossom Company contains the following balances: Owner's Capital $ 28,600, Owner's Drawings $ 2,200, Service Revenue $ 50,000, Salaries and Wages Expense $ 28,300, and Supplies Expense $ 6,400. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference.
- Analysis of Net Income or Net Loss on the Work Sheet Select which column on a work sheet, Income Statement Debit or Credit or Balance Sheet Debit or Credit, a net income or a net loss would appear. Net Income Net Loss Income Statement Balance SheetBriefly explain the difference between an employee and an employer.which of the following items does accounts receivable include a. money paid for labor and received for services b. accounts receivable aging report c. state unemployment insurance d. overhead should include costs directly associated with a particular project, such a material and specific projects payroll