Question

ert Format Arrange Tools 8 Slide Show Window Help Exam 3 Practice Problems Review View Wed Now 20 2:15 PM - Animations Slide Show Click to add title • ABC Co.'s employee's have earned $30,000 for the pay period 5/31. Listed below are the withholdings and taxes for this payroll period. • $1,250 Federal Income Taxes $7,500 FICA Social Security • $5,000 FICA Medicare • $2,000 Medical Insurance Premiums • $800 Federal Unemployment Taxes • $350 State Unemployment Taxes • Create the journal entries for payroll and employer's payroll tax expense. Notes Comments : -- MacBook Pro op

find salaries payable

Answer 1

Journal expense um mployers lum Anstor - Page No ① n la cebica che peyzell employeuse poolt tea cupreme Pagoroll expense = $30,000 Federal income fares payable - $1050 FICA social securitas payable - $ 4500 FICA me dicere payable = $ 5000 Medical insurance premiums payable - $ 2000 Federal unemployment fases payable - $ 800 State unemployement taxes payable = $350 le 30,000-1250-7500-5000 - 2000 - 800 - 350 I Gedit Debit $ 30,000 $13100 Particular Paysroll expense To federal income taxes payable TO FICA social security payable TO FICA Medicare payable TO Medical insurance premiums payable TO federal unemployment Hazes payable To state unemployment fonds payable Tonet Salary payable $1250 $ 7500 $ 5000 $ 200 0 $800 $ 350 $13100