Homework Help is Here – Start Your Trial Now!
Business
Accounting
D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2

D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.1: Recording A Payroll
Problem 1OYO
See similar textbooks
icon
Related questions
Question
100%
Only Exercise 10-11 ,thank you!
10. Net amount Paiu Accounts debited: $ 285,000 11. Factory Wages 12. Sales Salaries 120,000 13. Office Salaries a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subiect to 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. Va. $9,800 a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%. federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. SHOW ME HOW EXCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2 SHOW ME HOW Salaries $615,000 Federal income tax withheld 165,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries. a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
Transcribed Image Text:10. Net amount Paiu Accounts debited: $ 285,000 11. Factory Wages 12. Sales Salaries 120,000 13. Office Salaries a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subiect to 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. Va. $9,800 a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%. federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. SHOW ME HOW EXCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2 SHOW ME HOW Salaries $615,000 Federal income tax withheld 165,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries. a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
Corporate Financial Accounting
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
SEE MORE TEXTBOOKS