Question

Garden Landscapers is a monthly depositor whose 4th quarter FUTA taxes and 4th quarter voluntary deductions are displayed below. Record one journal entry to account for the payment of federal unemployment taxes and one journal entry to account for the payment of the voluntary deductions. Assume that each voluntary deduction is remitted to the respective organization on a quarterly basis, on the last day of the first month after the end of the quarter. All tax payments are made in a timely manner on the payment due date (which, for this quarter, is not impacted by a weekend or holiday).

Chart of Accounts

Notes:

Enter the transaction date on the first line only (if multiple transactions are required, enter the date on the first line of each transaction). Enter all debits within the transaction prior to entering any credits. Omit journal entry explanations.

Use the Chart of Accounts provided to obtain the proper account names when recording the journal entries.

To earn any credit for a given line within the journal entry, the account name must be correct. Partial credit will be given for a correct account name with an incorrect amount, while full credit will be given for a correct account name with a correct amount.

Do not include journal entry explanation when submitting your answer.

4th Quarter Totals
Federal Unemployment Tax	$35
Charitable Contribution	$100
Retirement Plan	$175
Cafeteria Plan	$525
Health Insurance	$295

Answer 1

	Date	General Journal	Debit	Credit
	31-Mar	Federal Unemployment Tax Payable	$35
		To Cash		$35
	31-Mar	Charitable Contribution Payable	$100
		Retirement Plan Payable	$175
		Cafetaria Plan Payable	$525
		Health Insurance Payable	$295
		To Cash		$1,095