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can someone help me fill in the parts that i cant figure out? (the number answers for the boxes) 2 NONOS Exer 2 - Record
can someone help me fill in the parts that i cant figure out? (the number answers for the boxes)
2 NONOS Exer 2 - Record the following in the general journal: 3/16/X1 - Received $18000 in advance ticket sales and sold out a 3-date tour by the Evil Elvii. 3/25/X1 - Hosted the first Evil Elvii performance. 3/25/X1- Received $6000 + 9% sales tax for sale of Evil Elvii merchandise costing $3000. 3/30/X1 - Remitted sales tax to state. General Journal Account/Explanation PR Debit Credit 3/16/20X1 Cash 18,000 Unearned Revenue 18,000 (Advance ticket sales) Date 3/25/20X1 Unearned Revenue Event Revenue (1st performance - Evil Elvii) 6,000 6,000 10 11 12 13 14 15 16 17 18 19 20 21 2 13 -4 5 6 7 8 9 0 1 xxx 3/25/20X1 Cash Cost of Goods Sold Sales Sales Tax Payable Merchandise Inventory (Merchandise Sales) 3/30/20X1 Sales Tax Payable Cash (Remit sales tax - Ck #5123) H D E F G Exer 3 - Record the following in the general journal: Your Co's employees earned $30000 for work performed 5/16 to 5/31, and they'll be paid on 6/5. The following amounts will be withheld: $6000 federal income tax, $3000 state income tax, $1860 social security, $435 medicare, and $900 medical insurance. FUTA tax is $240 and SUTA tax $600. Record employees earnings and employer payroll taxes. General Journal Date Account/Explanation PR Debit Credit 5/31/20X1 Wage & Salary Expense 30,000 Federal Tax Payable 6,000 State Tax Payable 3,000 Social Security Payable 1,860 Medical Insurance Payable 900 Wage & Salary Payable Wage & Salary Expense 30,000 accrue employee earnings) 5/31/20X1 Payroll Tax Expense 3,135 Medicare Payable 435 FUTA Payable 240 SUTA Payable 600 Social Security Payable 1,860 (accrue employer taxes) 6/5/20X1 Wage & Salary Payable Cash (payment to employees) X xx Step by Step Solution
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