Wednesday, July 29, 2015

Journal Entry For Insurance Premium Received

RLA Article Payroll - Real Life Accounting: Theme: Payroll
SDI (State Disability Insurance) The state I use in the examples above is California. However, your state may not . This is the information you need to write your payroll journal entry. Here is an example of a journal entry for the employee side: DESCRIPTION DEBIT CREDIT Gross Wages ... Fetch Doc

Multiple Choice - YouTube
If the actual cash in the drawer is greater than the cash received from cash sales customers per the cash register tape, the entry in the cash receipts journal includes a: If a company offers customers cash discounts on sales and the customer takes advantage of the discount, the entry ... View Video

JWCL163 Ch03 01-08
April 2 Invested $73,600 cash and equipment valued at $32,200 in If the amount in Insurance Expense is the January 31 adjusting entry, and the original insur-ance premium was for journal entries that were made on August 31, 2010. Prepare explanations for each journal entry. E3 ... Read Full Source

Foreign Tax Credit For IRS - About.com Money
In the meantime, here is a directory of resources relating to the foreign tax credit.) On the IRS.gov Web site. Publication 514, Foreign Tax Credit for Individuals; Premium Assistance Tax Credit; Federal Income Tax Rates for the Year 2015; 2016 Federal Tax Rates; ... Read Article

JWCL543 Ch03 01-08
Cash received from a customer journal entries that were made on August 31, 2012. Prepare explanations for each journal entry. E3-10B 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. Other data: 1. The balance in prepaid insurance is a one-year premium ... Fetch Document

United Kingdom Corporation Tax - Wikipedia, The Free Encyclopedia
United Kingdom corporation tax This article's factual accuracy may be Insurance Premium Tax; Air Passenger Duty; PAYE; Scottish Government; Individuals and companies who received a dividend from a UK company received a tax credit representing the ACT paid. ... Read Article

BASICS OF ESCROW ACCOUNTING - Texas Department Of Insurance
BASICS OF ESCROW ACCOUNTING 1. Definitions Cash Disbursement Journal - The accounting subsidiary ledger on which are listed all of Insurance and required to be received and deposited before any disbursement may be made from the related file. ... View This Document

Accounting For Bond Issues Or Debt Financing
Accounting for Bond Issues or Debt Financing Speaker: Proceeds received are less than face value Entries similar to Proprietary Fund journal entry number four above would be used to accrue both subsidy revenue and interest ... Doc Retrieval


A company paid the $1,350 premium on a three-year insurance policy on April 1, 2003. rent receivable, $6,200; and unearned rent revenue, $12,000. During the year Dusty Baker received $35,000 cash from 2003. Give the journal entry to record the next payment of $3,000 in salaries, during ... Retrieve Full Source

1. Deferral Adjustments - San Mateo County Community ...
The general journal entry is to debit, or increase, Supplies Expense Paid $1,200 for a two-year insurance premium on December 1 MSM provided $2,000 of subscriptions for which they previously received payment for. The entry is a debit to Unearned Revenue and a credit to Subscriptions ... Fetch Full Source

VIRGINIA HOUSING DEVELOPMENT AUTHORITY
VIRGINIA HOUSING DEVELOPMENT AUTHORITY MULTIFAMILY PROGRAMS CHART OF ACCOUNTS Insurance Premium. The entry is reversed at the 2220 Prepaid Interest Revenue This account records by journal entry all interest revenue received but not earned at the close of ... Return Doc

Notes Payable Amortization Schedule Calculated With ...
Note Payable - Adjusting Journal Entry for Interest - Duração: 7:39. mattfishable 7.205 visualizações. 7:39 12 - Notes Payable - Duração: 8:52. Larry Walther 7.084 visualizações. 8:52 ... View Video

Payroll Accounting: Refunds/Prior Period Adjustments
Payroll Accounting: Refunds/Prior Period Adjustments. Executive Summary. There are six types of . Once the full payments are received from the employee and vendor(s), make an adjustment in Weekly Elapsed Time and/or add an Additional Pay entry to make up for the underpayment. ... Doc Retrieval

ACCOUNTING GUIDELINES AND ENTRIES - Lockton Companies
ACCOUNTING GUIDELINES AND ENTRIES 2. The second entry is to account for the fi nancing of the deferred compensation The CSV is accounted for as an asset and offsets the life insurance premium expense. (3) ... Access Doc

Journal Entry - University Of Minnesota Twin Cities
Journal Entry Inquiries been received, the transaction should be recorded in the current a yearly insurance premium paid at the beginning of the year. On the following pages are the steps to take to create a standard journal entry. 1. ... Fetch Document

Accredited By The National Association Of Insurance ...
The Order and Journal Entry will be sent to the Company. Upon The redomestication will not be effective until the Secretary of State’s certification is received by during the year in which the redomestication takes place will be assessed at the foreign insurance company premium tax ... Read Here

Special Property Tax Transactions - Lesson 3 - YouTube
7.06 – Special Property Tax Transactions – Lesson 3, Roger Philipp the basis of the old plus the liability assumed plus the recognized gain minus the liability on the old minus the boot received. Roger also demonstrates the resulting journal entry from the previous ... View Video

CHAPTER 4
The appropriate adjusting journal entry to be made at the end of the period would be. a.Debit Office Supplies Expense, $1,600; Credit Office Supplies, 2.A company insurance salesman sold a life insurance policy to a client for a premium of $28,000. CHAPTER 4 Last modified by ... Access Content

Acct 284 SI - Iowa State University
Acct 284 SI. Chapter 4. 2008, to February 28, 2009, which was credited to Unearned rent revenue on December 1, 2008. Paid $2,760 for a two-year insurance premium on December 1, 2008; debited Prepaid insurance for that amount. Prepare the adjusting journal entry on December 31. ... Doc Viewer

Accounting For General Capital Assets And Capital Projects
Accounting for General Capital Assets (Cont’d) Report impairment losses net of any insurance recoveries that occur in the same fiscal year Reporting of Asset Impairments . 5-23 projects (memo entry only for bond/tax authorization) ... Fetch Here

CHAPTER 22
22.1 Journal entries for various liabilities Paid workers’ compensation premium for year to 30 June 2001, and medical insurance, $360. Prepared journal entry to record payroll for July: Gross wages$68722 Income tax instalments15649 Superannuation4010 ... Retrieve Content

Chapter 9, TEST 9B - Cengage Learning
Chapter 9 TEST 9B. Name _____ Date _____ SCORING RECORD. Section Total Possible The adjustment to journalize an additional premium. due at the end of the year for worker’s compensation. insurance (WCI) is: (A) prepare the journal entry to record this adjustment as of December 31. ... Document Retrieval

ILLUSTRATION 20-1 DEFERRED TAX LIABILITY
ILLUSTRATION 20-1 DEFERRED TAX LIABILITY 139 Journal Entry in 1997 to Recognize Deferred Tax Liability . insurance 2. Subscriptions received in 2. Excess tax depreciation ove r in advance book depreciation 3. Unearned rent revenue 3. ... Access Document

4370 - HUD/U.S.
Insurance Premium. The entry is reversed at. records by journal entry all interest revenue. received but not earned at the close of the. accounting period. is debited through journal entry. 6723 Health Insurance and Other Employee Benefits. ... View Full Source

Sing T-Accounts To Record Transactions
The web reading entitled “Using T-Accounts to Record Transactions—Extension of Chapter 2” described the use of The journal entry to record these sales is: (2) The firm paid the one-year insurance premium on January 31 for insurance ... Fetch Full Source

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