According to the accountant of Ulster Inc., its payroll taxes for the week were as follows: $137.68 for FICA taxes, $13.77 for federal unemployment taxes, and $92.93 for state unemployment taxes. Journalize the entry to record the accrual of the payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 10.50.) Account Titles and Explanation Debit Credit

Q: Lexington Corporation’s weekly payroll of $24,000 included FICA taxes withheld of $1,836, federal…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Journalize the transactions shown

A: Calculate Salary expense = Gross salary - Tax payables - Insurance premium payables.

Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Given the following data from the payroll register of Johnson Construction, prepare the journal…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: Lexington Corporation’s weekly payroll of $24,000 included FICA taxes withheld of $1,836, federal…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: . The following totals for the month of April were taken from the payroll register of Sanson Corp.:…

A: Payroll expenses are expenses related with the salaries of the employees. For their accrual,…

Q: According to a summary of the payroll of Guthrie Co., $600,000 was subject to the 6.0% social…

A: Payroll Tax refers to those taxes that employers withhold from the wages or salaries of the…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

A: Journal entry refers to the recording made by the business in the books of accounts, of all the…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salaries means the amount paid to employee for the services rendered.

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salary refers to the amount that is paid to the employees/ workers for the services provided by them…

Q: The following payroll liability accounts are included in the ledger of Ayayai Company on January 1,…

A: In journal entries for the liabilities, the liability is debited and cash is credited.

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Journal entries should not be used to record routine transactions such as customer billings and…

Q: According to a summary of the payroll of Kirby Co., $380,500 in earnings were subject to the 7.6%…

A: Payroll taxes refers to the taxes that are applicable on the payroll expense of the entity. It…

Q: The payroll register of Ruggerio Co. indicates $13,920 of social security withheld and $3,480 of…

A: Journal entry to record the payroll tax expense for the period: Date Description Debit Credit…

Q: The payroll register of Chen Heritage Co. indicates $2,220 of social security withheld and $555 of…

A: Introduction: A journal entry is a record of a commercial transaction in an organization's…

Q: The payroll register of Seaside Architecture Company indicates $800 of Social Security and S211 of…

A: Earnings subject to state and Federal unemployment taxes = $5,200 State unemployment tax payable =…

Q: On January 21, the column totals of the payroll register for Great Products Company showed that its…

A: Journal entry: It is the activity of recording and summarizing business economic transaction in the…

Q: The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of…

A: State unemployment tax payable= Earnings x State rate= $36000*5.40%= $1944 Federal Unemployment tax…

Q: Given the following data from the payroll register of Johnson Construction, prepare the journal…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: The payroll register of Patel Engineering Co. indicates $2,916 of social security withheld and $729…

A: Social security and Medicare tax: To give payments to retirees, widows, and surviving children, the…

Q: The payroll register of Seaside Architecture Company indicates $860 of Social Security and $211 of…

A: Federal tax=Unemployment compensation tax×0.8%=$5,300×0.8%=$42.4

Q: Journalize the adjustment for accrued wages for the following Monday, which is the end of the…

A:

Q: KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2021, the…

A: Introduction: A general journal is the first place where information is collected, with dividing…

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: Given gross pay = $7,475 In order to record accrued expenses, the expense which has been incurred…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Net Salaries Payable = Total salaries for the period - Total amount withheld = $65,000 - ($3,900 +…

Q: According to a summary of the payroll of Scotland Company, salaries for the period were $500,000.…

A: Social Security tax = Taxable Earnings x Social Security tax rate = $500,000*6.00% = $30,000…

Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of…

A: Federal Unemployment Tax Payable ($4,900*0.8%) = $39.20 State Unemployment Tax Payable =…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Journal is the book of original entry in which all the transactions of the business are recorded…

Q: Required: If an amount box does not require an entry, leave it blank. 1a.  Assuming that the…

A: Payroll accounting can be defined as the branch under the accounting system which records the…

Q: The summary of the payroll for the monthly pay period ending July 15 indicated the following:…

A: State Unemployment Tax Payable = Salaries Expense x state unemployment tax rate = 30000*3.1% = $930…

Q: KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2020, the…

A: Citizens are taxed in proportion to their financial situation, promoting social and economic…

Q: According to the accountant of Metlock, Inc., its payroll taxes for the week were as follows:…

A: Accrued liabilities means liabilities which are due in current period, but not yet paid. These…

Q: The payroll register for Gamble Company for the week ended April 29 indicated the following:…

A: A.Prepare journal entry to record the payroll for the week of April 29.

Q: At the end of October, the payroll register for Garden Marbles Corporation contained the following…

A: Formula: Federal unemployment tax amount = Unemployment deductions x federal unemployment tax rate…

Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $219 of…

A: Solution:- Preparation of journal entry to record the employer payroll taxes expense as follows…

Q: The payroll register of Castilla Heritage Co indicates $2,790 of social security withheld and…

A: Federal Unemployment Taxes = Taxable earnings x Federal Unemployment Taxes rate State Unemployment…

Q: The payroll register of Seaside Architecture Company indicates $840 of social security and $213 of…

A: Formula: State Unemployment Tax Payable = Total salaries x State Unemployment Tax rate Federal…

Q: According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0%…

A: In this question, we have been asked to calculate payroll tax expenses for which we have been given…

Q: In January, the payroll supervisor determines that gross earnings for Pharoah Company are $64,000.…

A: Journal entry: It is prepared to record the financial and non financial transactions of the business…

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: Given that, Totals of the first payroll of the year are given as : Total gross earnings = $36195.10…

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: According to a payroll register summary of Swifty Company, the amount of employees' gross pay in…

A: Payroll tax expense = FICA taxes payable + State unemployment taxes payable + Federal unemployment…

Q: a. On December 31, calculated the payroll, which indicates gross earnings for wages ($310,000),…

A: A journal entry refers to the recording of the business transactions and events in the books of…

Q: The entry to record the payment of net payroll would include a

A: salaries and wages payable  = salaries- deductions = 90000-6885-19800-3600 = 59715

Q: On January 21, the column totals of the payroll register for Great Products Company showed that its…

A: Payroll is the total amount paid by the employer to its employee for the period and it includes all…

Q: The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI…

A: FICA tax=FICA OASDI+FICA HI=$2,244.10+$524.83=$2,768.93

Q: The following totals for the month of April were taken from the payroll records of Nash's Trading…

A: Journal entry is the process of recording the business transactions in the books of accounts for the…

Q: The payroll register for D. Salah Company for the week ended May 18 indicated the following:…

A: Payroll tax expenses are the expenses which is related to payroll of an employee deduct by the…