| Recent Answers from Carlton Johnson, LPA, MFP, ABA |
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2008-08-17 periodic inventory system: Hi Khurram, If you are using a periodic inventory system, then general rule is to look at the following formula: Beginning Inventory Add: Purchases = Available for Sale Less: Ending Inventory...
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2008-07-21 Chart of account - acronyms: Hola Patricia, The chart of accounts can be an excellent Rosetta Stone into understanding a company or a cryptic list. From the list you have provided, it appears that all of these are Intercompany...
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2008-07-19 Payroll and balance sheet: Hi Spencer, The answer can be found in the journal entries that are made for payroll: Debits are made to payroll expenses for FICA (Social Security and Medicare), Federal and State tax withholdings...
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2008-07-16 Salary: Hi Tracy, Yes, if salaried worker has missed those days unexcused by paid-time-off (vacation, FMLA, etc.) then the time can be deducted. Check with your Human Resources department to see if you and...
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2008-07-02 Lost check: Hi Billie, First things first...congratulations to your mother on her retirement! The first thing your mother will need to do is to contact the issuer of the check to let them know it is lost. It...
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