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a Insurance $3020 able Contribution $700 eria Plan $5560 Directions in Popup Window Email with Screen Capture Date Account Name Debit Credit MM/DD MM/DD %24

a Insurance $3020 able Contribution $700 eria Plan $5560 Directions in Popup Window Email with Screen Capture Date Account Name Debit Credit MM/DD MM/DD %24

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 12EB: Reference Figure 12.15 and use the following information to complete the requirements. A. Determine...
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Health Insurance $3020 Charitable Contribution $700 Cafeteria Plan $5560 Open Directions in Popup Window G Send Email with Screen Capture M Date Account Name Debit Credit MM/DD $ MM/DD $ MM/DD $ $ MM/DD $ $ MM/DD $ MM/DD $ $ MM/DD MM/DD
Transcribed Image Text:Health Insurance $3020 Charitable Contribution $700 Cafeteria Plan $5560 Open Directions in Popup Window G Send Email with Screen Capture M Date Account Name Debit Credit MM/DD $ MM/DD $ MM/DD $ $ MM/DD $ $ MM/DD $ MM/DD $ $ MM/DD MM/DD
PSb 6-3 Record Quarterly FUTA & Voluntary Deduction Journal Entries Alton's Arboreal Association 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. • See the Chart of Accounts provided for the proper account names to use. • To earn any credit for a given line within the journal entry, the account name must be correct. Partial credit is given for a correct account name with an incorrect amount; full credit is given for a correct account name with the correct amount. • Do not include journal entry explanation when submitting your answer. 4th Quarter Totals: Federal Unemployment Tax $370 Retirement Plan $4240 Health Insurance $3020
Transcribed Image Text:PSb 6-3 Record Quarterly FUTA & Voluntary Deduction Journal Entries Alton's Arboreal Association 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. • See the Chart of Accounts provided for the proper account names to use. • To earn any credit for a given line within the journal entry, the account name must be correct. Partial credit is given for a correct account name with an incorrect amount; full credit is given for a correct account name with the correct amount. • Do not include journal entry explanation when submitting your answer. 4th Quarter Totals: Federal Unemployment Tax $370 Retirement Plan $4240 Health Insurance $3020
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