JOURNAL Page 43 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Nov. 6 Payroll Cash 12 12,296.97 Cash 11 12,296.97 6 Administrative Salaries 51 2,307.69 Office Salaries 52 4,677.85 Sales Salaries 53 3,600.00 Plant Wages 54 4,898.00 FICA Taxes Payable - OASDI 20.1 959.99 FICA Taxes Payable - HI 20.2 224.53 Employees FIT Payable 24 902.00 Employees SIT Payable 25 475.37 Employees SUTA Payable 25.1 9.27 Employees CIT Payable 26 599.41 Union Dues Payable 28 16.00 Payroll Cash 12 12,296.97 6 Payroll Taxes 56 1,362.30 FICA Taxes Payable - OASDI 20.1 959.98 FICA Taxes Payable - HI 20.2 224.51 SUTA Taxes Payable - Employer 22 177.81 13 Payroll Cash 12 1,570.27 Cash 11 1,570.27 1. What is the total gross pay for all employees? 2. What is the total net pay for all employees? 3. What is the amount of the credit to FICA Taxes Payable—OASDI for employees? 4. What is the amount of the debit to Payroll Taxes? 5. What is the amount of the debit to Employees SIT Payable on November 4? 6.What is the amount of Sales Salaries paid to date?

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter10: Liabilities: Current, Installment Notes, And Contingencies

Section: Chapter Questions

Problem 10.4BE

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		JOURNAL			Page 43

DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Nov.	6	Payroll Cash	12	12,296.97
		Cash	11		12,296.97

	6	Administrative Salaries	51	2,307.69
		Office Salaries	52	4,677.85
		Sales Salaries	53	3,600.00
		Plant Wages	54	4,898.00
		FICA Taxes Payable - OASDI	20.1		959.99
		FICA Taxes Payable - HI	20.2		224.53
		Employees FIT Payable	24		902.00
		Employees SIT Payable	25		475.37
		Employees SUTA Payable	25.1		9.27
		Employees CIT Payable	26		599.41
		Union Dues Payable	28		16.00
		Payroll Cash	12		12,296.97

	6	Payroll Taxes	56	1,362.30
		FICA Taxes Payable - OASDI	20.1		959.98
		FICA Taxes Payable - HI	20.2		224.51
		SUTA Taxes Payable - Employer	22		177.81


	13	Payroll Cash	12	1,570.27
		Cash	11		1,570.27

1. What is the total gross pay for all employees?

2. What is the total net pay for all employees?

3. What is the amount of the credit to FICA Taxes Payable—OASDI for employees?

4. What is the amount of the debit to Payroll Taxes?

5. What is the amount of the debit to Employees SIT Payable on November 4?

6.What is the amount of Sales Salaries paid to date?

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