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employer payto Chart of Accounts Notes: • Enter the transaction date on the first line only of mutiple transactions are required, enter the date on the first ine of each transaction). Enter all debits within the transaction prior to entering any credits. Omt jounal entry explanations. • See the Chart of Accounts provided for the proper account names to use. • To earn any credt for a given line within the jourmal entry, the account name must be correct. Partal credt is given for a comect account name with an incorrect amount full credt is given for a correct account name with the correct amount • Do not include journal entry explanation when submiting your answer Account Name Amount Social Security Tax Payable $217 00 Federal Unempioyment Tax Payabie s21.00 Medicare Tax Payable $50.75 State Unemployment Tax Payable $119.00

employer payto Chart of Accounts Notes: • Enter the transaction date on the first line only of mutiple transactions are required, enter the date on the first ine of each transaction). Enter all debits within the transaction prior to entering any credits. Omt jounal entry explanations. • See the Chart of Accounts provided for the proper account names to use. • To earn any credt for a given line within the jourmal entry, the account name must be correct. Partal credt is given for a comect account name with an incorrect amount full credt is given for a correct account name with the correct amount • Do not include journal entry explanation when submiting your answer Account Name Amount Social Security Tax Payable $217 00 Federal Unempioyment Tax Payabie s21.00 Medicare Tax Payable $50.75 State Unemployment Tax Payable $119.00

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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Payroll: Record Employer Payroll Tax Journal Entry 

Account Name Cafeteria Plan Payable Cash Charitable Contribution Payable Federal Income Tax Payable Federal Unemployment Tax Payable Flexible Spending Account Payable Health Insurance Payable Life Insurance Payable Medicare Tax Payable Payroll Tax Expense Retirement Plan Payable Salaries Expense Social Security Tax Payable State Income Tax Payable State Unemployment Tax Payable Union Dues Payable Wages Expense Accounts Receivable Accounts Payable Accumulated Depreciation Depreciation Expense
Transcribed Image Text:Account Name Cafeteria Plan Payable Cash Charitable Contribution Payable Federal Income Tax Payable Federal Unemployment Tax Payable Flexible Spending Account Payable Health Insurance Payable Life Insurance Payable Medicare Tax Payable Payroll Tax Expense Retirement Plan Payable Salaries Expense Social Security Tax Payable State Income Tax Payable State Unemployment Tax Payable Union Dues Payable Wages Expense Accounts Receivable Accounts Payable Accumulated Depreciation Depreciation Expense
Based on the following figures for the most recent pay period, record the necessary jounal entry to account for employer payrol taves as of 06/26/2020. Chart of Accounts Notes: • Enter the transaction date on the first line only of 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. Omt joumal 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 Partal credt is given for a comect 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. Account Name Amount Social Security Tax Payable $217.00 Federal Unemployment Tax Payabie s21.00 Medicare Tax Payable 550.75 State Unempioyment Tax Payable s119.00 Open Directions in Popup Window 2 Date Account Name Debit Credit MM/DD Is MM/DD MM/DD
Transcribed Image Text:Based on the following figures for the most recent pay period, record the necessary jounal entry to account for employer payrol taves as of 06/26/2020. Chart of Accounts Notes: • Enter the transaction date on the first line only of 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. Omt joumal 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 Partal credt is given for a comect 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. Account Name Amount Social Security Tax Payable $217.00 Federal Unemployment Tax Payabie s21.00 Medicare Tax Payable 550.75 State Unempioyment Tax Payable s119.00 Open Directions in Popup Window 2 Date Account Name Debit Credit MM/DD Is MM/DD MM/DD
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