Journalize the following transaction. Dec. 1Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties. Account Titles and ExplanationNo EntryNo EntryDebit0OCreditOO

Journal entries are the primary reporting of the business transactions in the books of an entity.…

Answered: Dec. 1 Natalie hires an assistant at an…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 3EA: Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 3000...

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Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 3000 square feet, and building B. which is 2,460 square feet. Will she finish these two buildings in an 8-hour shift? Will she have time for a break?
Janice hires Mariam to assist her with the general store duties. Mariam describes herself as an employee at LaBougee Boutique. Mariam works from 8 am to 4:30 pm from Monday to Friday, and from 8 am to 12:30 pm on twoSaturdays a month. Mariam reports to Janice. Janice allocates Mariam with her work schedule for the week, which includes driving the company vehicle to undertake deliveries to clients. Mariam also assists with the administrative work. Mariam requires a day of leave for personal reasons. She approaches Janice; however, Janice tells her that she is not entitled to paid leave as Mariam is an independent contractor. Advise Mariam as to whether she is an employee or an independent contractor in terms of SouthAfrican legislation. Justify your answer fully. 4.1Suppose Mariam has some free time during her working day. Mariam decides to visit her friendMaxene who works at a clothing boutique about 10 km away from La Bougee Boutique. Mariamtakes the company vehicle, however en route…
Jessica Porter works in both the Jewelry department and the Cosmetics department of a retail store. Sheassists customers in both departments and arranges and stocks merchandise in both departments. The storeallocates her $30,000 annual wages between the two departments based on the time worked in the twodepartments in each two-week pay period. On average, Jessica reports the following hours and activitiesspent in the two departments. Allocate Jessica’s annual wages between the two departments.Activities HoursSelling in Jewelry department 51Arranging and stocking merchandise in Jewelry department . . . . . . . . . . . . . . 6Selling in Cosmetics department 12Arranging and stocking merchandise in Cosmetics department 7$7,500 to Idle time spent waiting for a customer to enter one of the departments . 4
Calista Flood receives tips from customers as a standard component of her weekly pay. She is paid $4.05/hour by her employer and receives $362 in tips during the most recent 39-hour workweek.Gross Pay = $ Bethany Pugh receives tips from customers as a standard component of her weekly pay. She is paid $3.54/hour by her employer and receives $168 in tips during the most recent 52-hour workweek.Gross Pay = $
A loom operator in a textiles factory earns $16 per hour. By contract, the employee earns $24 (time and a half) for overtime hours. The operator worked 45 hours during the first week of May, and overtime is paid after the usual 40 hours.Required:1. Compute the loom operator’s compensation for the week.2. Calculate the employee’s total overtime premium for the week.3. How much of the employee’s total compensation for the week is direct-labor cost? How much is overhead?
Floatin Away Company has three employees a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee: Consultant Computer Programmer Administrator Regular earnings rate $5,000 per week $80 per hour $50 per hour Overtime earnings rate* Not Applicable 1.5 times hourly rate 2 times hourly rate Number of withholding allowances 2 1 2 *For hourly employees, overtime is paid for hours worked in excess of 40 hours per week For the current pay period, the computer programmer worked 46 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined from the wage bracket withholding table in Exhibit 2 in the chapter. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and one withholding allowance is $81. Determine the gross pay and the net pay for each…
Peter Senen Corp has the following data for the fourth week of March Hours Worked Employee Name Hourly Rate Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total Kris $900 6 8 8 8 8 8 8 54 Bryan $950 - 8 7 10 9 7 8 49 Rose $750 1 8 9 8 10 9 8 53 Tess $900 5 8 10 8 8 9 8 56 Jose $1,000 9 8 8 6 7 10 8 56 The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked on Sunday is twice the regular rate. a. What is the gross earnings for the week?
Zeta Company has 12 workers who each earn $15 per hour and generally work a 40-hour workweek, although at times overtime work is required, for which workers are paid 1.5 times their regular hourly wage. Zeta pays wages in cash on Friday of each week for work performed that week. Zeta's Wages Expense ledger account for May is shown below. Account: Wages Expense Account Number 65 Balance Date Item Post. Ref. Dr. Cr. Dr. Cr. May 5 32 7,200 7,200 May 12 33 9,360 16,560 May 19 35 7,200 23,760 May 26 37 8,010 31,770 May 31 Adjusting 38 4,320 36,090 May 31 Closing 38 36,090 - - During the period May 27 through June 2, Zeta's workers worked a regular 40-hour week. 1. If Zeta Company uses reversing entries, journalize the entry made when payroll is paid in cash on June 2, assuming that appropriate reversing entry(ies) have been made at the beginning of June. You may omit posting references. If an amount box does not require…
Peter Senen Corp has the following data for the fourth week of March: Hours Worked Employee Name Hourly Rate Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total Kris $900 6 8 8 8 8 8 8 54 Bryan $950 0 8 7 10 9 7 8 49 Rose $750 1 8 9 8 10 9 8 53 Tess $900 5 8 10 8 8 9 8 56 Jose $1,000 9 8 8 6 7 10 8 56 The rate for hours in excess of 40 is one and half times the regular rate. The rate for hours worked on Sunday is twice the regular rate. Required: Compute the gross earnings of each employee.
Anita Workman receives tips from customers as a standard component of her weekly pay. She is paid $2.60/hour by her employer and receives $291 in tips during the most recent 44-hour workweek.Gross Pay = $ Cole Earnhardt receives tips from customers as a standard component of his weekly pay. He is paid 2.18/hour by his employer and receives $430 in tips during the most recent 43-hour workweek.Gross Pay = $
Melek Okapi earned $100 for a 40-hour workweek. During that week, Melek also receives tips of $110.00. Complete the statements below. 1. What hourly rate is being paid to Melek? 2. What tip hourly rate is being paid to Melek? 3. How much must the employer pay Melek in addition to her weekly wage?
Employee A is a carpenter and normally works 36 hours per week. The standard rate of pay is $3.60 per hour. A premium of 50% of the basic hourly rate is paid for all overtime hours worked. During the last week of October, Employee A worked for 42 hours. The overtime hours worked were for the following reasons: Machine breakdown: 4 hours To complete a special job at the request of a customer: 2 hours How much of Employee A's earnings for the last week of October would have been treated as direct wages? A $162.00 B $129.60 C $140.40 D $151.20

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Dec. 1 Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties.