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How do I jounalize the enties for a and b? 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.

How do I jounalize the enties for a and b? 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.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 1E
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How do I jounalize the enties for a and b?

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.

Payroll entries Instructions Chart of Accounts General Journal Instructions The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries Federal income tax withheld $659,000 131,800 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 computed at the rate of 5.4% and 0.8%, respectively, on $12,521 of salaries. Required: 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:Payroll entries Instructions Chart of Accounts General Journal Instructions The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries Federal income tax withheld $659,000 131,800 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 computed at the rate of 5.4% and 0.8%, respectively, on $12,521 of salaries. Required: 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.
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