Michael started business with cash 600,000, cash at Bank of America 700,000, 1-Apr furniture 200,000. 1-Apr Purchased Plant & Machinery worth 250,000 by cheque. 25-Apr Purchased goods from ABC Ltd worth 800,000 @10% trade discount. 5-May Cash Sales 1,000,000 @5% trade discount to XYZ Traders 15-May Deposited cash with Bank of America 500,000. 5-Jun Paid ABC Ltd 300,000 in cash. 10-Jun Received commission 75,000 by cheque. 25-Jun Cash Purchases 250,000. 5-Jul Sold goods to XYZ Traders 475,000. 15-Jul Received 275,000 by cheque from XYZ Traders. 5-Aug Loan taken from Bank of America 200,000 25-Aug Purchased goods from ABC Ltd 50,000. 27-Aug|Withdrew cash from bank 10,000. 5-Sep Received commission 55,000 in cash. 10-Sep Paid ABC Ltd 70,000 by cheque. 20-Sep Received 90,000 in cash from XYZ Traders. 1-Oct Bank loan repaid 50,000. 25-Oct Cash Purchases 25,000. 5-Nov Sold goods to XYZ Traders 47,000. 15-Nov Withdrew cash from bank 15,000. 5-Dec Received interest from bank 5,000. 25-Dec Purchased goods from ABC Ltd 75,000. 5-Jan Cash Sales 100,000. 15-Jan Deposited cash with Bank of America 35,000. 25-Feb Cash Purchases 450,000. 28-Feb Office was taken on rent in the month of Feb. Office rent paid in cash 50,000. Employees were hired in the month of Feb. Paid salary by cheque 30,000 & cash 28-Feb 30,000 for the month of Feb 20x2. 5-Mar Sold goods to XYZ Traders 675,000. 31-Mar Paid office rent by cheque 50,000. 31-Mar Paid salary in cash 30,000 for the month of March

K Herbert Sampson manages a Dairy World drive-in. His straight-time pay is $18 per hour, with time-and-a-half for hours in excess of 40 per week. Sampson's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $9 for a charitable contribution to United Way. Sampson worked 54 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements. Requirement 1. Compute Sampson's gross pay and net pay for the week. Assume earnings to date are $13,000. (Round all amounts to the nearest cent.) Begin by computing Sampson's gross pay for the week. Gross Pay More info xt pages For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Get…

The following are trial balance of Clarissa Amanda Sdn. Bhd. as at 31 December 2021. Debit Credit RM RM Opening stock, 1 Jan 2021 Purchases Sales return Carriage inwards Plant and machinery Furnitures and fixtures Land Cash in hand Carriage outwards Wages Salaries Duty on purchases Account receivable Travelling expenses Rent and assessment Drawings Insurance General expenses Capital Sales return Purchases return Discount received Loan Account payables 16,000 75,000 5,000 1,500 40,000 5,000 45,650 5,000 400 30,000 18,000 800 28,000 1,200 4,800 5,000 450 12,200 294,000 80,000 200,000 2,000 500 10,000 1,500 294,000