Time cards are being entered into the accounting system for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to...


Time cards are being entered into the accounting system for four employees. The costs for Employee 1 are to be billed to job cost code 302.01.01100L. Ten hours of Employee 2 time is to be billed to job cost code 302.01.06110L and the remaining 30 hours are to be billed to job cost code 302.01.06210L.


Employee 3 took vacation this entire week and Employee 4 works in the main office. The employee costs and deductions withheld from the employee’s check are shown below. Using the chart of accounts in Figure 2- 1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering the employees’ time into the accounting system:



May 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here