Date | Accounts Title | Dr | Cr |
15-Mar | Social Security Tax Payable | $7,936 | |
Medicare Tax Payable | 1856 | ||
Employees Federal Income Tax Payable | 16000 | ||
Cash | $25,792 | ||
31-Mar | Office salaries expenses | 25600 | |
Shop salaries expenses | 38400 | ||
Social Security Tax Payable | $3,968 | ||
Medicare Tax Payable | 928 | ||
Employees Federal Income Tax Payable | 16,000 | ||
Salaries Payable | $43,104 | ||
31-Mar | Salaries Payable | $2,450 | |
Cash | $2,450 | ||
31-Mar | Payroll tax expense | 5,218 | |
Social Security Tax Payable | $3,968 | ||
Medicare Tax Payable | $928 | ||
State Unemployment Tax Payable (7000*4%) | 280 | ||
Federal Unemployment Tax Payable (7000*.6%) | 42 | ||
15-Apr | Social Security Tax Payable | $3,968 | |
Medicare Tax Payable | $928 | ||
Employees Federal Income Tax Payable | $16,000 | ||
Cash | 20,896 | ||
15-Apr | State Unemployment Tax Payable | 5400 | |
Cash (5120+280) | 5400 | ||
30-Apr | Federal Unemployment Tax Payable | 810 | |
Cash (768+42) | 810 | ||
30-Apr | No entry required |
PLEASE HELP ! I need the journal entries, I know for sure the accounts names for each journal is right, but not sure about the actual numbers. (Disregard my numbers I have) Problem 9-6AA E...
I need help on the following 2 questions. can someone help me out? Serial Problem Business Solutions LO P2, P3, C2 Following are some transactions and events of Business Solutions, Feb. 26 The company paid cash to Lyn Addie for eight days' work at $130 per day. Mar. 25 The company sold merchandise with a $2,012 cost for $2,800 on credit to Wildcat Services, invoice dated March 25. Book Required: 1. Assume that Lyn Addie is an unmarried employee. Her...
Please answer the whole question.Francisco Company has 10 employees, each of whom earns $2,900 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger:FICA—Social Security Taxes Payable, $3,596; FICA—Medicare Taxes Payable, $842. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.)Employees'...
I need help with my assignment please Problem 2-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 The following information applies to the questions displayed below) Widmer Watercraft's predetermined overhead rate for year 2015 is 200% of direct labor Information on the company's production activities during May 2015 follows a Purchased raw materials on credit, $260,000 b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138...
di entries LO P3 Assuming situation (a), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's September 30 payroll taxes expense...
Exercise 9-7 Payroll-related journal entries LO P3 BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. Gross Pay through August $ 6,560 Gross Pay for September $ 820 a. Prepare the employer's September 30 journal entries to record the employer's payroll...
Exercise 9-6 Payroll-related journal entries LO P2 BMX Company has one employee. FICA Social Security taxes are 6.20% of the first $117,000 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.60% and SUTA taxes are 2.90% of the first $7,000 paid to its employee. Gross Pay through August $5,800 Gross Pay for September $ 1,900 a. Prepare the employer's September 30 journal entries to record salary expense and its...
Problem 9-2A Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12,960 of federal income taxes, $1,340 of medical insurance deductions, and $940 of union dues. No...
Francisco Company has 10 employees, each of whom earns $2,600 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger. FICA—Social Security Taxes Payable, $3,224; FICA—Medicare Taxes Payable, $754. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.) Employees' Federal Income...
Serial Problem Business Solutions LO P2, P3, C2 Following are some transactions and events of Business Solutions. Feb. 26 The company paid cash to Lyn Addie for eight days' work at $130 per day. Mar. 25 The company sold merchandise with a $2,800 cost for $3,100 on credit to Wildcat Services, invoice dated March 25. Required: 1. Assume that Lyn Addie is an unmarried employee. Her $1,040 of wages have deductions for FICA Social Security taxes. FICA Medicare taxes, and...
Problem 9-2A Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $28,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,320 of medical insurance deductions, and $920 of union dues No employee earned more than $7,000...