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Problem 13-3 Flounder Company pays its office employee payroll weekly. Below is a partial list of employees and their payrollAccount Titles and Explanation Debit Credit (To record Payroll 1.) (To record Payroll taxes for Payroll 1.)(To record payrolls 2 and 3.) To record payroll taxes for Payrolls 2 and 3.)To record payroll 4.) (To record payroll taxes for payroll 4.) To record the monthly payment of accrued payroll iabilities.)

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Answer #1

Journal Entries:

Accounts Titles and Explanations Wages and Salaries E Debit (S) Credit (S) es (S200 $150+ $110 + $250 + S330 1.040 Federal In

Payroll Tax E 94.74 FICA Taxes Payable (S590 + S450 $1,040*7.65/100) Federal Un State Un Tax Payable (S200$150$110 Tax Payabl

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