Question

Officers, sales, and office personnel are salaried employees and are paid monthly on the last day of each month. The delivery truck drivers and warehouse employees are hourly wage employees and are paid biweekly. Each biweekly pay period ends Friday. On the following Monday, your 1 assistant, who maintains the payroll records, provides you with the payroll summary from which you prepare general journal entries to record the biweekly payroll and the employer’s taxes on the payroll. The biweekly employees’ paychecks are distributed on the following day, Tuesday.

Make the journal entry if:

The payroll summary for the biweekly pay period ended Friday, December 7 contained the following information:

Delivery and warehouse wages $4,860

FICA taxes withheld 350

Federal income taxes withheld 900

State income taxes withheld 190

Net pay $3,420

Employer’s payroll taxes:

FICA taxes $350

Federal unemployment tax –

State unemployment tax –

Answer 1

Joudnal Entries Particulars Debit ($) Credit ($) 4,860 350 Wages Al ....... Dr To FI CA Tax Payable Ale (employee) To Federal Income Tax payable Alc. To state Income Tax payable Ale To wages Payable Ale 900 190 3,420 Dr 3,420 I 2. wages Payable To Bank Ale en... Alc 3,420 350 350 Payroll Tax Expenses All ..... Dr TO FICA Tax Payable Ale (Employer) To Federal unemployment Payable Ale To state unemployment Tax payable afe

Particulars Debit ($ credit (1) 4. 350 FICA Tax Payable (Employed) Ale ... Dr Federal Income Tax payable Al ... Dr 900 190 L 350 State Income Tax payable Ale .... Dr FICA Tax payable Comployer) All ... Br Federal unemployment Tax payable Ale ...Dr. State unemployment Tax payable Ale -- Dr To Bank Alc - 1790 sere ves Note: since there were no values given in the question regarding Federal unemployment tax payable & State unemployment tax payable, it's shown with nil value / figures,