Question

The following payroll liability accounts are included in the ledger of Devito Company on January 1, 2020:

FICA Taxes Payable		$1,750
Federal Income Taxes Payable		4,000
State Income Taxes Payable		665
Federal Unemployment Taxes Payable		175
State Unemployment Taxes Payable		1,190
Union Dues Payable		400
Health Insurance Payable		5,000
U.S. Savings Bonds Payable		1,500

In January, the following transactions occurred:

Jan. 9		Sent a check for $5,000 to Blue Cross and Blue Shield.
11		Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
14		Sent a check for $400 to the union treasurer for union dues.
18		Paid state income taxes withheld from employees.
21		Paid state and federal unemployment taxes.
22		Purchased U.S. Savings Bonds for employees by writing a check for $1,500.

Journalize the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Answer 1

Devito Company Journal Enteries Debit in $ Credit in $ Date Particulars 9.1.2020Health Insurance Payable a/c To Cash Dr. 5000 5000 11.1.2020 FICA Taxes Payable a/c 1750 Federal Income Taxes Payable a/c Dr 4000 To Cash 5750 14.1.2020 Union Dues Payable a/c Dr. 400 To Cash 400 18.1.2020 State Income Taxes Payable a/c Dr 665 To Cash 665 21.1.2020 Federal Income Taxes Payable a/c Dr 175 To Cash 175 State Unemployment Taxes Payable a/c Dr 1190 To Cash 1190 22.1.2020 U.S. Savings Bonds Payable. a/c Dr 1500 To Cash