During 2013, riverside company completed the following two transactions. the annual accounting period ends december 31.
a. on december 31, calculated the payroll, which indicates gross earnings for wages ($130,000), payroll deductions for income tax ($13,000), payroll deductions for fica ($10,000), payroll deductions for united way ($2,000), employer contributions for fica (matching), and state and federal unemployment taxes ($1,300). employees were paid in cash, but these payments and the corresponding payroll deductions and employer taxes have not yet been recorded.
b. collected rent revenue of $3,600 on december 10 for office space that riverside rented to another business. the rent collected was for 30 days from december 11 to january 10 and was credited in full to deferred revenue.
required:
1. complete the required journal entries to record payroll on december 31, 2013, collection of rent on december 10, 2013, and adjusting journal entry on december 31, 2013.

What is the connection between digital transformation and customer experience

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.