Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jul 2017 My Price 3.00

Multnomah Manufacturing

Multnomah Manufacturing estimated that its total payroll for the coming year would be $540,000. The workers’ compensation insurance premium rate is 0.2%.
REQUIRED
1. Calculate the estimated workers’ compensation insurance premium and prepare the journal entry for the payment as of January 2, 20--.
2. Assume that Multnomah Manufacturing’s actual payroll for the year was $562,000. Calculate the total insurance premium owed and prepare a journal entry as of December 31, 20--, to record the adjustment for the underpayment. The actual payment of the additional premium will take place in January of the next year.
3. Assume instead that Multnomah Manufacturing’s actual payroll for the year was $532,000. Prepare a journal entry as of December 31, 20--, for the total amount that should be refunded. The refund will not be received until the next year.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jul 2017 02:07 PM My Price 3.00

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