Record the following transactions for \"Your Full Name\" Company (The Company).

Question

Record the following transactions for "Your Full Name" Company (The Company). Charge San Domingo tax on all sales transactions. These computers will be used for 4 years and will have residual values of $100 each at the end of their fourth year. The computers will be used in the company's accounting department. use timesheets to enter George Jones hours. George is paid time and a half for work done in excess of 40 hours per week. Week of: September 07 to September 13,2015; 8 hours each day, Monday to Friday Week of: September 14 to September 20,2015; 12 hours on Monday (including 4 hours of overtime) and 8 hours each day, Tuesday to Friday. George Jones' time is billable to Campus Diner: Kitchen Remodel job. Service Item is Installation. Create a paycheck for George Jones. Pay Period Ends: 09/20/2015 Check Date: 09/18/2015. 09/19/2015 The Company paid WPIZ Radio Station $2,000 for 40 radio advertisements that are to be as Prepaid Advertising.

Explanation / Answer

Journal

(40*dlh)

+(44*dlh)

+(4*0.5dlh)

(40*dlh)

+(44*dlh)

+(4*0.5dlh)

Date Particulars Debit Credit 09/01/2015 Cash 5000        Computers 5000 09/18/2015 Campus Dinner: Kitchen Remodel Job

(40*dlh)

+(44*dlh)

+(4*0.5dlh)

        Bank

(40*dlh)

+(44*dlh)

+(4*0.5dlh)

09/19/2015 Advertisement expense (2000/40*10) 500 Prepaid expense 1500            Cash 2000

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