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January 7. Recorded total eamings of factory employees amounting to S64,790, less deductions for empioyees income taxes and PICA taxes. 7. Issued check for payment of the payrol. 14. Recorded total eamings of factory employees amounting to 562.985, less deductions for empioyees' income taxes and FICA taxes 14.Issued check for payment of the payrol. 15. Recorded administrative salaries, S9,500, and sales salaries. $17,100, less deductions for empioyees income taxes and FICA taxes. 15. Issued check for payment of the salaries. 21. Recorded total eamings of factory employees amounding to S68,875, less deductions for employees' income taxes and FICA taxes. 21. Issued check for paymernt of the payroll. 28. Recorded total eamings of factory employees amounting to S70,490, less deductions for empioyees" income taxes and FICA taxes. 28. Issued check for paymert of the payroll 31. Recorded administrative salaries. S9.500, and sales salaries, 517,100, less deductions for employees income taxes and FICA taxes 31. issued check for paymert of the salaries. 31. The following wages and salaries were earned or accrued during January: $287 375 22.500 Direct Labor. Indirect labor. Administrative salaries Sales salaries 19.000 34.200

January 7. Recorded total eamings of factory employees amounting to S64,790, less deductions for empioyees income taxes and PICA taxes. 7. Issued check for payment of the payrol. 14. Recorded total eamings of factory employees amounting to 562.985, less deductions for empioyees' income taxes and FICA taxes 14.Issued check for payment of the payrol. 15. Recorded administrative salaries, S9,500, and sales salaries. $17,100, less deductions for empioyees income taxes and FICA taxes. 15. Issued check for payment of the salaries. 21. Recorded total eamings of factory employees amounding to S68,875, less deductions for employees' income taxes and FICA taxes. 21. Issued check for paymernt of the payroll. 28. Recorded total eamings of factory employees amounting to S70,490, less deductions for empioyees" income taxes and FICA taxes. 28. Issued check for paymert of the payroll 31. Recorded administrative salaries. S9.500, and sales salaries, 517,100, less deductions for employees income taxes and FICA taxes 31. issued check for paymert of the salaries. 31. The following wages and salaries were earned or accrued during January: $287 375 22.500 Direct Labor. Indirect labor. Administrative salaries Sales salaries 19.000 34.200

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 6E: On January 21, the column totals of the payroll register for Great Products Company showed that its...
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Factory employees are paid weekly, while all other employees are paid semimonthly on thefifteenth and the last day of each month. All salaries and wages are subject to all taxes. The income tax withheld amounts to 10% of gross wages.

FIRST IMAGE

Megerle Custom Cabinet Co. used the following form to compute the amount of payroll taxes incurred:

SECOND IMAGE

FIRST QUESTION IS ANSWERED. I NEED THE OTHER QUESTIONS NUMBER 2, 3 AND 4.

Total Рayroll Тахes Taxable Items FICA tax FUTA SUTA Eamings Factory wages Adm. Salaries Sales salaries Totals Required: 1. Prepare the journal entries to record the foregoing transactions, including the distribution of payroll costs. 2. Complete the previous form to show the payroll taxes imposed on the employer for January. 3. Prepare the journal entry to distribute payroll taxes, assuming that the payroll taxes imposed on the employer for factory wages are to be charged to Factory Overhead, the taxes for administrative salaries are to be charged to Miscellaneous Administrative Expense, and the taxes for sales salaries are to be charged to Miscellaneous Selling Expense. 4. 4. Assume that the factory employees worked on January 29, 30, and 31. What was the amount of accrued wages on January 31? (Hint: Assume that there were no accrued wages at the beginning of the month.)
Transcribed Image Text:Total Рayroll Тахes Taxable Items FICA tax FUTA SUTA Eamings Factory wages Adm. Salaries Sales salaries Totals Required: 1. Prepare the journal entries to record the foregoing transactions, including the distribution of payroll costs. 2. Complete the previous form to show the payroll taxes imposed on the employer for January. 3. Prepare the journal entry to distribute payroll taxes, assuming that the payroll taxes imposed on the employer for factory wages are to be charged to Factory Overhead, the taxes for administrative salaries are to be charged to Miscellaneous Administrative Expense, and the taxes for sales salaries are to be charged to Miscellaneous Selling Expense. 4. 4. Assume that the factory employees worked on January 29, 30, and 31. What was the amount of accrued wages on January 31? (Hint: Assume that there were no accrued wages at the beginning of the month.)
Following is a narrative of transactions completed during January: January 7. Recorded tatal earnings of factory employees amGunting to $64,790, less deductions for employees' Income taxes and FICA taxes. 7. Issued check for payment of the payroll. 14. Recorded total earnings of factory employees amounting to $62,985, less deductions for employees' Income taxes and FICA taxes. 14. Issued check for payment of the payroll. 15. Recorded administrative salaries, 59,500, and sales salaries, S17,100, less deductions for employees' Income taxes and FICA taxes. 15. Issued check for payment of the salaries. 21.Recorded total earnings of factory employees amGunting to $68,875, less deductions for employees' Income taxes and FICA taxes. 21.Issue eck payment payrol. 28. Recorded total earnings of factory employees amounting to $70,490, less deductions for employees' Income taxes and FICA taxes. 28. Issued check for payment of the payroll. 31. Recorded administrative salaries, $9,500, and sales salaries, S17,100, less deductions for employees' Income taxes and FICA taxes. 31. Issued check for payment of the salaries. 31. The following wages and salaries were earned or accrued during January: Direct Labor. Indirect labor.. Administrative salaries. Sales salaris... .$287,375 22,500 19.000 34.200
Transcribed Image Text:Following is a narrative of transactions completed during January: January 7. Recorded tatal earnings of factory employees amGunting to $64,790, less deductions for employees' Income taxes and FICA taxes. 7. Issued check for payment of the payroll. 14. Recorded total earnings of factory employees amounting to $62,985, less deductions for employees' Income taxes and FICA taxes. 14. Issued check for payment of the payroll. 15. Recorded administrative salaries, 59,500, and sales salaries, S17,100, less deductions for employees' Income taxes and FICA taxes. 15. Issued check for payment of the salaries. 21.Recorded total earnings of factory employees amGunting to $68,875, less deductions for employees' Income taxes and FICA taxes. 21.Issue eck payment payrol. 28. Recorded total earnings of factory employees amounting to $70,490, less deductions for employees' Income taxes and FICA taxes. 28. Issued check for payment of the payroll. 31. Recorded administrative salaries, $9,500, and sales salaries, S17,100, less deductions for employees' Income taxes and FICA taxes. 31. Issued check for payment of the salaries. 31. The following wages and salaries were earned or accrued during January: Direct Labor. Indirect labor.. Administrative salaries. Sales salaris... .$287,375 22,500 19.000 34.200
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