1A 1B 2A 2B

Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Income tax withheld $251,000 $90,992 Sales salaries Warehouse salaries office salaries 138,000 31,020 128,000 7,755 Social security tax withheld Medicare tax withheld Retirement savings Group insurance $517,000 11,374 9,306 $150,447 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment employer only), 0.6% If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll for the last week of the year is to be paid on December 31. Journalize the entry on December 30 to record the payroll Date Debit Credit Dec. 30 Account Sales salaries Expense Warehouse Salaries Expense Office Salaries Expense Employees Federal Income Tax Payable Social Security Tax Payable Medicare Tax Payable Bond Deductions Expense Group Insurance Payable Salaries Payable 1b. Assuming that the payroll for the last week of the year is to be paid on December 31, fourrage the entry on December 30 to record the every perck tas a world to be December 31. of the total payroll for the last week of the year, 126,000 is subject to unendlovment compensation to Date Account Debit Credit Dec. 30 2a. Assuming that the payroll for the last week of the year is to be paid on January 4 of the following fiscal year Jumalize the entry on December 30 to record the Date Account Debit Credit Dec. 30 2b. Assuming that the payroll for the last week of the year is to be paid on January of the following local veu, Journalire the entry to read the wonder the perfet on January 4, because it is a new local year all 1517.000 in sales is subject to onemeloviment compensations Date Account Debit Credit Jan 5