Question

utial payroll register.) (Click the icon to view payroll tax rate information.) i Data Table o, Me yroll reg ck.) Earnings Sa
decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. - Beginning: Cum. = Cumulative: Earn. Withholdings
und to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning: Cum. = Cumulative: Ea With
E11-20 (similar to) Brook Company had the following partially completed payroll register Click the icon to view the partial p
adjusting entries at June 30 are as follows: i (Click the icon ton 0 Data Table For you, insert the unadjusted Jur he account
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Beginning Cumalative Earnings Current Period Earnings Ending Cumalative Earnings OASDI Medicare Income Tax Health Insurance United Way Total Withholdings Net Pay Check No. Salaries and Wages Expenses
$    81,000.00 $    4,600.00 $    85,600.00 $     285.20 $    66.70 $ 1,840.00 $      92.00 $        40.00 $        2,323.90 $    2,276.10 801 $    4,600.00
$ 111,600.00 $    7,200.00 $ 118,800.00 $     427.80 $ 104.40 $ 1,800.00 $    144.00 $        25.00 $        2,501.20 $    4,698.80 802 $    7,200.00
$    54,000.00 $    3,100.00 $    57,100.00 $     192.20 $    44.95 $ 1,240.00 $      62.00 $               -   $        1,539.15 $    1,560.85 803 $    3,100.00
$    64,000.00 $    4,400.00 $    68,400.00 $     272.80 $    63.80 $ 1,100.00 $      88.00 $        45.00 $        1,569.60 $    2,830.40 804 $    4,400.00
$                   -   $    2,000.00 $      2,000.00 $     124.00 $    29.00 $     500.00 $      40.00 $               -   $           693.00 $    1,307.00 805 $    2,000.00
$ 310,600.00 $ 21,300.00 $ 331,900.00 $ 1,302.00 $ 308.85 $ 6,480.00 $    426.00 $     110.00 $        8,626.85 $ 12,673.15 $ 21,300.00
Current Period Earnings OASDI Medicare FUTA SUTA Payroll Tax Expenses
$    4,600.00 $     285.20 $    66.70 $               -   $             -   $     351.90
$    7,200.00 $     427.80 $ 104.40 $               -   $             -   $     532.20
$    3,100.00 $     192.20 $    44.95 $               -   $             -   $     237.15
$    4,400.00 $     272.80 $    63.80 $               -   $             -   $     336.60
$    2,000.00 $     124.00 $    29.00 $        12.00 $    108.00 $     273.00
$ 21,300.00 $ 1,302.00 $ 308.85 $        12.00 $    108.00 $ 1,730.85
2 Salaries and Wages Expenses $ 21,300.00
Employee Income taxes Payable $    6,480.00
FICA - OASDI Taxes Payable $    1,302.00
FICA - Medicare Taxes Payable $        308.85
Health Insurance Payable $        426.00
United Way Payable $        110.00
Salaries Payable $ 12,673.15
(To record Payroll)
4
Salaries Payable $ 12,673.15
Cash $ 12,673.15
(To pay net payroll)
3
Payroll Taxes Expenses $    1,730.85
FICA - OASDI Taxes Payable $    1,302.00
FICA - Medicare Taxes Payable $        308.85
Federal Unemployment Taxes Payable $          12.00
State Unemployment Taxes Payable $        108.00
(To record employer's Payroll Taxes EXpenses)
5
Employee Income taxes Payable $    6,480.00
FICA - OASDI Taxes Payable $    2,604.00
FICA - Medicare Taxes Payable $        617.70
Health Insurance Payable $        426.00
United Way Payable $        110.00
Federal Unemployment Taxes Payable $          12.00
State Unemployment Taxes Payable $        108.00
Cash $ 10,357.70
(To pay liabilities related to May payroll)
Add a comment
Know the answer?
Add Answer to:
utial payroll register.) (Click the icon to view payroll tax rate information.) i Data Table o,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Stream Company had the following partially completed payroll register: E(Click the icon to view the partial...

    Stream Company had the following partially completed payroll register: E(Click the icon to view the partial payroll register.) i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative; Earn. Earnings; Exp. Expense; Med. Medicare; Ins. Insurance; With. = Withhold ings; Chk = Check.) Earnings Withholdings Salaries Current Beg. Ending and Cum Cum...

  • Stream Company had the following partially completed payroll register: E(Click the icon to view the partial...

    Stream Company had the following partially completed payroll register: E(Click the icon to view the partial payroll register.) i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Beginning; Cum. = Cumulative; Earn. Earnings; Exp. Expense; Med. Medicare; Ins. Insurance; With. = Withhold ings; Chk = Check.) Earnings Withholdings Salaries Current Beg. Ending and Cum Cum...

  • Country Company had the following partially completed payroll register: Partial payroll register: Earnings Withholdings Salaries Beginning...

    Country Company had the following partially completed payroll register: Partial payroll register: Earnings Withholdings Salaries Beginning Current Ending and Cumulative Period Cumulative Income Health United Total Net Check Wages Earnings Earnings Earnings OASDI Medicare Tax Insurance Way Withholdings Pay No. Expense $77,000 $4,500 $900 $90 $15 801 112,000 7,200 1,200 144 35 802 48,000 3,300 600 66 0 803 61,000 3,300 850 66 20 804 0 4,500 1,100 90 0 805 $298,000 $22,800 $4,650 $456 $70 payroll tax rate info:...

  • Data Table Earnings Withholdings Salaries Beginning Current Ending and Cumulative Earnings Total Withholdings Net Pay Check...

    Data Table Earnings Withholdings Salaries Beginning Current Ending and Cumulative Earnings Total Withholdings Net Pay Check No. Wages Expense OASDI Medicare 801 802 Cumulative Period Earnings Earnings 83,000 $ 4,600 113,000 7,200 40,000 2,400 63,000 3,500 6,000 $ 299,000 $ 23,700 Income Health United Tax Insurance Way $ 460 $ 92 $ 35 2,160 1 44 25 240 48 0 1,050 70 1,800 120 $ 5,710 $ 474 $ 80 803 804 805 0 Print Done More Info For all...

  • please help find discrepancy and solve. Park Company had the following partially completed payroll register: (Click...

    please help find discrepancy and solve. Park Company had the following partially completed payroll register: (Click the icon to view the partial payroll register.) (Click the icon to view payroll tax rate information.) Read the requirements. More Info - X Requirement 1. Complete the payroll register. Round to two decimals. (Round all amounts to the nearest cent. Abbreviations used: Beg. = Begin With. = Withholdings; Chk = Check.) Earnings Withholdings For all payroll calculations, use the following tax rates and...

  • Berry Company has monthly salaries of $20,000. Assume Berry pays all the standard payroll taxes, no...

    Berry Company has monthly salaries of $20,000. Assume Berry pays all the standard payroll taxes, no employees have reached the payroll tax limits, tatal income tax withheld is $2,000, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense, accrual of emplayer payroll taxes, and payment of employee and employer payroll taxes for Berry Company. (Assume all of the manthly salary is subject to FUTA and SUTA. Recard debits first, then credits. Select the explanation on...

  • stuck on that last i just keep calculating it wrong ST1-(SITI U) Uuestion Help Berry Company...

    stuck on that last i just keep calculating it wrong ST1-(SITI U) Uuestion Help Berry Company has monthly salaries of $20,000. Assume Berry pays all the standard payroll taxes, no employees have reached the payroll tax limits, total income tax withheld is $2.000, and the only payroll deductions are payroll taxes. Journalize the accrual of salaries expense, accrual of employer payroll taxes, and payment of employee and employer payroll taxes for Berry Company. (Assume all of the monthly salary is...

  • 3. Jackson Phillips works for Peterson Company all year and earns a monthly salary of $4,200....

    3. Jackson Phillips works for Peterson Company all year and earns a monthly salary of $4,200. There is no overtime pay. Based on Jackson's W-4, Peterson withholds income taxes at 10% of his gross pay. As of July 31, Jackson had $29,400 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Peterson Company related to the employment of Jackson Phillips for the month of August. (Record debits first, then credits....

  • From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount...

    From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount of taxable earnings for unemployment and FICA tax, and prepare the journal entry to record the employer's payroll taxes as of April 30, 20--. Social Security tax is 6.2% on the first $94,200 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8%, and SUTA tax is 5.4% each on the first $7,000 of earnings. Cumulative Pay Current...

  • 3. Tyler Sanders works for Howard Company all year and earns a month y salary of...

    3. Tyler Sanders works for Howard Company all year and earns a month y salary of S4.200. T er e is no o e ime pay Base earnings on T ersw.4 o ard withholds come taxes at 1 %ofhis gross pay. As of uly Ty rhad 29, 40 of cumulative (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Howard Company related to the employment of Tyler Sanders for the month of August....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT