ayroll entries Instructions Chart of Accounts Journal Instructions The payroll register for Schmidt Company for the week ended April 29 indicated the following: $1,560,000 93,600 Salaries Social security tax withheld Medicare tax withheld Federal Income tax withhold 23,400 312,000 In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.8%, respectively, on $200,000 of stories Required: a. Joumalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expenso incurred for the work of April 20. *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use Ines for journal explanations. Ewwyine on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit aty when a crot amount is need CHART OF ACCOUNTS Schmidt Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 Interest Revenue EXPENSES 112 Interest Receivable 113 Notes Receivable 115 Merchandise Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation Office Equipment 510 Cost of Merchandise Sold 520 Salaries Expense 524 Depreciation Expense-Building 525 Delivery Expense 526 Repairs Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Supplies Expense 535 Payroll Tax Expense 536 Vacation Pay Expense 537 Pension Expanse LIABILITIES 210 Accounts Payable 213. Interest Payable 214 Notes Payable 215 Salarios Payablo 538 Cash Short and Over 639 Product Warranty Expense TOPOWSUFOCO 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation Office Equipment LIABILITIES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Salarios Payable 216 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal Income Tax Payable 219 Employees State Income Tax Payable 221 Retirement Savings Deductions Payablo 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable 525 Delivery Expense 526 Repairs Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Supplies Expense 535 Payroll Tax Expense 536 Vacation Pay Expense 537 Pension Expense 538 Cash Short and Over 639 Product Warranty Expense 540 Miscellaneous Expense 710 Interest Expense EQUITY 310 Owner, Capital nstructions The payroll register for Schmidt Company for the week ended April 29 indicated the following: Salaries $1,560,000 93,600 Social security tax withheld Medicare tax withheld Federal Income tax withheld 23,400 312,000 In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.6%, respectively, on $260,000 of salaries. Required: a. Journalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expense incurred Br the week of April 29. "Refer to the chart of accounts for the exact wording of the account bitles. CNOW Journals do not use lines for jouw explanations. Ewy in on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is awewe Journal a. Journalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expense incurred for the week of April 29. "Refer to the chart of accounts for the exact wording of the accountitles. CNOW Journals de nous new for ouma explanations wine Prev Check My Work ma a. Joumalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expense incurred for the week of April 29. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use ines for journal explanations. Every Ing on a journal page is used for debit or credit entries. CNOW journals will automatically inderit a credit entry when a credit amount is entered. MGE 11 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DERIT CREDIT LIABILITIES EQUITY 1 5 Previous Ne