{"id":201462,"date":"2018-09-13T22:38:48","date_gmt":"2018-09-13T22:38:48","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/acct-567-week-4-problems-7-3-and-7-8\/"},"modified":"2018-10-24T09:07:48","modified_gmt":"2018-10-24T09:07:48","slug":"acct-567-week-4-problems-7-3-and-7-8","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acct-567-week-4-problems-7-3-and-7-8\/","title":{"rendered":"ACCT 567 Week 4 Problems 7-3 and 7-8"},"content":{"rendered":"<p>During the fiscal year ended September 30, 2011, the following transactions (summarized) occurred:\t1. Employees were paid $290,000 wages in cash; additional wages of $43,500 were withheld for federal income and social security taxes. The employer&#8217;s share of social security taxes amounted to $23,375.\t2. Cash remitted to the federal government during the year for withholding taxes and social security taxes amounted to $65,500.\t3. Utility bills received from the Town of Fredericksburg&#8217;s Utility Fund during the year amounted to $23,500.\t4. Office expenses paid in cash during the year amounted to $10,500.\t5. Service supplies purchased on account during the year totaled $157,500.\t6. Parts and supplies used during the year totaled $152,300 (at cost).\t7. Charges to departments during the fiscal year were as follows:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the fiscal year ended September 30, 2011, the following transactions (summarized) occurred: 1. Employees were paid $290,000 wages in cash; additional wages of $43,500 were withheld for federal income and social security taxes. The employer&#8217;s share of social security <a href=\"https:\/\/www.benedictsol.com\/blogs\/acct-567-week-4-problems-7-3-and-7-8\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-201462","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=201462"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=201462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=201462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=201462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}