Accounting discussion question

/in /by

2) Alice and Janet are in an accounting class together and discussing the handling of a company’s payroll in general. One thing Janet was wondering is if there would ever be a time when there would not be a journal entry for SUTA Payable. And if so, when. Alice never thought of this before and isn’t sure what the answer is.

  • Your mission: Provide this answer, explain why, and give a specific example!

3) We just hired you as our new bookkeeper. You overheard a manager say that one of the companies biggest investors, Henry Ellison, had sold $50,000 worth of bonds in the bond market.

  • As the bookkeeper for this company, how would you record this? Make sure you explain your answer!