Student Project Audit Test
OCTOBER 9 PAYROLL: (Use the payroll file you saved under filename 10-09 your name to answer the following questions for the October 9 payroll.)
Payroll Report
1. What is the number of withholding allowances for James C. Ferguson?
2. What is the current gross pay for Norman A. Ryan?
3. What is the amount of HI withheld for the current pay period for Ruth V. Williams?
4. What is the total current net pay for all employees?
5. What is the total yearly SIT withheld for all employees?
Journal Entries Report
6. What is the amount of the debit to Office Salaries?
7. What is the amount of the debit to Payroll Taxes?
8. What is the amount of the credit to Cash?
General Ledger
9. What is the Cash (account number 11)
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4. What is the total current CIT withheld for all employees?
Journal Entries Report
5. What is the amount of the debit to Administrative Salaries?
6. What is the amount of the credit to Employees SIT Payable?
7. What is the amount of the debit to Payroll Taxes?
General Ledger
8. What is the balance of SUTA Taxes Payable?
9. What is the balance of Sales Salaries?
Student Project Audit Test
DECEMBER 14 PAYROLL (Use the payroll file you saved under filename 12-14 your name to answer the following questions for the November 6 payroll.)
Payroll Report
1. What was Virginia A. Russell’s social security number?
2. What was the amount of net pay received by Virginia A. Russell’s estate?
Journal Entries Report
3. What is the amount of the debit to Office Salaries?
General Ledger
4. What is the amount that was credited to Group Insurance Premiums Collected (account number 27) during this period?
5. What is the amount paid for office salaries to date?
Student Project Audit Test
DECEMBER 18 PAYROLL (Use the payroll file you saved under filename 12-18 your name to answer the following questions for the November 6 payroll.)
Payroll Report
1. What is the current amount of SIT withheld for Thomas J. Sokowski?
2. What is the total current net pay for all employees?
3. What is the total yearly gross pay for all employees?
Journal Entries Report
4. What is the amount of the debit to Administrative Salaries?
5. What is the amount of the debit to Payroll
Because the employee’s work is basis on seasonal, the payroll tax during the month must be submitted by the 20th day of the following month.
Create a Balance Sheet for November 30th assuming no other transactions occurred for the month other than those noted above.
Please fill out the scanner sheet as you go along in the exam. You will not be given extra time at the end of the exam to fill it out.
b. What is the total balance of Jessie Robinson 's revolving account? (0.5 points) N/A
b. Macy’s fiscal year ends on the Saturday that is closest to January 31st of
2. Please fill out the scanner sheet as you go along in the exam. You will not be given extra time at the end of the exam to fill it out.
the holiday. If an employee is not at work on a pay day when paychecks are distributed, the employee should pick up his paycheck from the Firm Administrator on the next day the employee is at work.
a. Compute schedule B of form 941 on page 3-48 for the first quarter for Steve Hazelton, the owner of Stafford company.
Block 24A DATE(S) OF SERVICE – Enter each separate date of service as a 6-digit numeric date (e.g. June 1, 2005 would be 06/01/05) under the FROM heading. Leave the space under the TO heading blank. Each date of service on which a service was rendered must be listed on a separate line. Ranges of dates are not accepted on this form. – Required
As part of receiving files, Ms. Jansen remembers and has this in her records that on November 5, 2014, she filed an Annual Employee Feedback Form and a Suggestion Form, as well as a memo from Mr. Enfield dated November 5, 2014 in which Ms. Carson was accepting an extension of the position as a trainee.
i. At December 31, 2012, wages of $9,000 were earned by employees but not yet paid. The employees will be paid on the next payroll date, which is January 13, 2013.
ABC Corporation ends its tax year on October 30. When must ABC’s income tax return be filed for the year ending October 30, Year 1?
Item 6.a. Discuss and Action – Resolution 15-03, Fiscal Year 2015/2016 Salary Schedule. After discussion, there was a motion by Director McVicar and seconded by Director McClish to approve the Resolution 15-03. The vote was as follows:
Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is increase by a credit C. A revenue account is decreased by a credit D. An equity account is decreased by a debit [2]BASIC BANK02 - BAT 010 The Income Summary account contains: A. Total revenues and total expenses for the year B. Total assets and total liabilities at year end C. Total revenues, expenses, assets, and liabilities