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Questions related to payroll and petty cash.

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beth howard
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Accounting I - Objective 4.02/4.03 Test

Question 1 of 23

1

Jessica wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $85; and repairs, $55. A cash count shows $75 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $55, debit Supplies $85 and credit Cash $140

  • Debit Repair Expense $55, debit Supplies $85 and credit Petty Cash $140

  • Debit Repair Expense $55, debit Supplies $85, and credit Cash $125, credit Cash Short and Over $15

  • Debit Repair Expense $55, debit Supplies $85, debit Cash Short and Over $15, and credit Cash $155

Explanation

Question 2 of 23

1

David wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies,
$36; and postage (Office Expense), $27. A cash count shows $87 in the petty cash box. What is the correct
journal entry to record the transaction?

Select one of the following:

  • Debit Cash $63 and credit Miscellaneous Expense $63

  • Debit Miscellaneous Expense $63 and credit Cash $63

  • Debit Office Expense $27, debit Supplies $36 and credit Cash $63

  • Debit Office Expense $27, debit Supplies $36 and credit Petty Cash $63

Explanation

Question 3 of 23

1

Timothy wants to replenish the $300 petty cash fund. He has receipts for the following total payments:
postage (Office Expense), $35; supplies, $25; and repairs, $95. A cash count shows $160 in the petty cash box.
What is the correct journal entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Cash $155

  • Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Petty Cash $155

  • Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, and credit cash $140, credit Cash Short and Over $15

  • Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, debit Cash Short and Over $5, and credit cash $160

Explanation

Question 4 of 23

1

Michael wants to establish a $500 petty cash fund for his business. He has requested a check for $500. What
is the correct journal entry to record the transaction?

Select one of the following:

  • Debit Cash $500 and credit Petty Cash $500

  • Debit Miscellaneous Expense $500 and credit Cash $500

  • Debit Petty Cash $500 and credit Cash $500

  • Debit Petty Cash $500 and credit Miscellaneous Expense $500

Explanation

Question 5 of 23

1

Emily wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
supplies, $55; and repairs, $35. A cash count shows $195 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $35, debit Supplies $55 and credit Cash $90

  • Debit Repair Expense $35, debit Supplies $55 and credit Petty Cash $90

  • Debit Repair Expense $35, debit Supplies $55, and credit Cash $90, credit Cash Short and Over $15

  • Debit Repair Expense $35, debit Supplies $55, debit Cash Short and Over $15, and credit Cash $105

Explanation

Question 6 of 23

1

Claire wants to establish a $250 petty cash fund for her business. She requested a check for $250. What is
the correct journal entry to record the transaction?

Select one of the following:

  • Debit Cash $250 and credit Petty Cash $250

  • Debit Miscellaneous Expense $250 and credit Cash $250

  • Debit Petty Cash $250 and credit Cash $250

  • Debit Petty Cash $250 and credit Miscellaneous Expense $250

Explanation

Question 7 of 23

1

Mary wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $25; and repairs, $45. A cash count shows $130 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Cash $70 and credit Miscellaneous Expense $70

  • Debit Miscellaneous Expense $70 and credit Cash $70

  • Debit Repair Expense $45, debit Supplies $25 and credit Cash $70

  • Debit Repair Expense $45, debit Supplies $25 and credit Petty Cash $70

Explanation

Question 8 of 23

1

Joseph wants to replenish the $150 petty cash fund. He has receipts for the following total payments:
supplies, $75; and repairs, $43. A cash count shows $40 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $43, debit Supplies $75 and credit Cash $118

  • Debit Repair Expense $43, debit Supplies $75, and credit cash $110, credit Cash Short and Over $8

  • Debit Repair Expense $43, debit Supplies $75 and credit Petty Cash $118

  • Debit Repair Expense $43, debit Supplies $75, debit Cash Short and Over $8, and credit Cash $126

Explanation

Question 9 of 23

1

Daniel wants to replenish the $250 petty cash fund. He has receipts for the following total payments:
postage, $34; and repairs, $76. A cash count shows $100 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $76, debit Office Expense $34 and credit Cash $110

  • Debit Repair Expense $76, debit Office Expense $34 and credit Petty Cash $110

  • Debit Repair Expense $76, debit Office Expense $34, and credit Cash $110, credit Cash Short and Over
    $40

  • Debit Repair Expense $76, debit Office Expense $34, debit Cash Short and Over $40, and credit Cash
    $150

Explanation

Question 10 of 23

1

Michelle wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
postage (Office Expense), $40; supplies, $25; and repairs, $45. A cash count shows $175 in the petty cash box.
What is the correct journal entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110

  • Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Petty Cash $110

  • Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110, credit Cash Short and Over $15

  • Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and debit Cash Short and Over $15, and credit Cash $125

Explanation

Question 11 of 23

1

Scott wants to replenish the $225 petty cash fund. He has receipts for the following total payments: supplies,
$35; and repairs, $15. A cash count shows $175 in the petty cash box. What is the correct journal entry to
record the transaction?

Select one of the following:

  • Debit Cash $50 and credit Miscellaneous Expense $50

  • Debit Miscellaneous Expense $50 and credit Cash $50

  • Debit Repair Expense $15, debit Supplies $35 and credit Cash $50

  • Debit Repair Expense $15, debit Supplies $35 and credit Petty Cash $50

Explanation

Question 12 of 23

1

Steve wants to replenish the $200 petty cash fund. He has receipts for the following total payments:
supplies, $18; and repairs, $32. A cash count shows $145 in the petty cash box. What is the correct journal
entry to record the transaction?

Select one of the following:

  • Debit Repair Expense $32, debit Supplies $18, debit Cash Short and Over $5, and credit Cash $55

  • Debit Repair Expense $32, debit Supplies $18, and credit Cash $60, credit Cash Short and Over $5

  • Debit Repair Expense $32, debit Supplies $18 and credit Petty Cash $50

  • Debit Repair Expense $32, debit Supplies $18 and credit Cash $50

Explanation

Question 13 of 23

1

Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?

Select one of the following:

  • $34.67

  • $68.74

  • $84.67

  • $160.33

Explanation

Question 14 of 23

1

Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax
$250.00. What is the entry to journalize the payment of the payroll taxes?

Select one of the following:

  • Debit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00

  • Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00

  • Debit Payroll Tax Expense $600.00; credit Cash $600.00

  • Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00

Explanation

Question 15 of 23

1

Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the
payment of the unemployment taxes?

Select one of the following:

  • Debit Cash $168.00; credit State Unemployment Tax Payable $168.00

  • Debit Payroll Tax Expense $168.00, credit Cash $168.00

  • Debit State Unemployment Tax Payable $168.00, credit Cash $168.00

  • Debit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00

Explanation

Question 16 of 23

1

Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10
hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's
regular, overtime and total hours for the week.

Select one of the following:

  • 30 Regular Hours, 18 Overtime Hours, and 48 Total Hours

  • 35 Regular Hours, 13 Overtime Hours, and 48 Total Hours

  • 40 Regular Hours, 8 Overtime Hours, and 48 Total Hours

  • 48 Regular Hours, No Overtime Hours, and 48 Total Hours

Explanation

Question 17 of 23

1

WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of
the unemployment taxes?

Select one of the following:

  • Debit Cash $28.00; credit Federal Unemployment Tax Payable $28.00

  • Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00

  • Debit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00

  • Debit Payroll Tax Expense $28.00, credit Cash $28.00

Explanation

Question 18 of 23

1

Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?

Select one of the following:

  • $34.67

  • $68.74

  • $84.67

  • $160.33

Explanation

Question 19 of 23

1

Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?

Select one of the following:

  • Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00

  • Debit Payroll Tax Expense $405.00; credit Cash $405.00

  • Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00

  • Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00

Explanation

Question 20 of 23

1

WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment
of the unemployment taxes?

Select one of the following:

  • Debit Cash $95.00; credit State Unemployment Tax Payable $95.00

  • Debit Payroll Tax Expense $95.00; credit Cash $95.00

  • Debit State Unemployment Tax Payable $95.00; credit Cash $95.00

  • Debit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00

Explanation

Question 21 of 23

1

John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare
withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is
the correct entry for recording the company's payroll?

Select one of the following:

  • Debit Salary Expense $1,500.00, Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Cash $1,105.25

  • Debit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25

  • Debit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Salary Expense $1,500.00, Cash $1,105.25

  • Debit Wages Expense $1,500.00, Cash $1,105.25; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00

Explanation

Question 22 of 23

1

Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?

Select one of the following:

  • Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00

  • Debit Payroll Tax Expense $405.00; credit Cash $405.00

  • Debit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00

  • Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00

Explanation

Question 23 of 23

1

Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?

Select one of the following:

  • $426.75

  • $226.25

  • $175.00

  • $173.25

Explanation

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