Chapter 11 eBook Car Payroll Accounts and Year-End Entries 1. EX 11.11 BLANKSHEETALGO 2. EX 11.01. ALGO 3. PR 11.05 ALGO 4. PE 11.04. BLANKSHEETALGO. 5. PR.1104. ALGO 6. EX 11 21 The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December of the current year: Salaries Payable 212 Social Security Tax Payable $18,012 213 Medicare Tex Payable 4,740 214 Employees Federal Income Tax Payable 20,230 215 Employees State Income Tax Payable 20.00 216 State Unemployment Tax Payable 3.002 217 Federal Unemployment Tax Payable 218 Retirement Savings Deductions Payable 210 Medical Insurance Payable 55,000 1,013,000 Oncers Sales Expense 1.240.000 Office Series Expense 31000 271,160 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 1105 10. EX 1104 EXCEL ALGO Dec 2 issued Check No. 410 for $7,000 to say Bonk to invest in a poorament contag bocount for employees. (revious Chapter 11 eBook Calculator 1. EX 11 11 BLANKSHEETALGO 2. EX 1101. ALGO The following transactions relating to payroll, payrol deductions, and payroll taxes occurred during December Dec. 2. Issued Check No. 410 for $7,000 to Jay Bank to invest in a retirement savings account for employees 2. Issued Check No. 411 to Jay Bank for $51,982 in payment of $18,012 of social security tax, 54,740 of Medicare tax, and 529,230 of employees' federal income tax due. 13. Jumated the entry to record the weekly payroll. A summary of the payroll record follows: 3. PR 1105 ALGO 4. PE 1104. BLANKSHEETALGO Salary distribution 5. PR 11 04 ALGO $87,000 Operations Oficers 6. EX 11 21 57,000 orce 14,000 $150,000 7. EX1123 EXCEL ALGO Deduction 8. PE 1103A Social security tax 59.480 9. EX 11.05 Medicare tax 2.370 10. EX 11.04 EXCEL ALGO 2.110 Federal income tax withheld State income tax thea Retirement savings deductions Medical insurance deductions 3.500 1 60854 597,16 13. Issued Check No 420 in pont of the net amount of the weekly payroll to fund the probank Previous NE Prost Chapter 11 eBook Calcul 1. EX 11 11 BLANKSHEET ALGO 2. EX. 11.01. ALGO 3. PR. 11.05 ALGO 13. Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax $9.480; Medicare tax, $2,370; state unemployment tax, 5750; federal unemployment tax, $250. 16. Issued Check No. 424 to Jay Bank for $52,930, in payment of $18,960 of social security tax, 51,740 of Medicare tax, and 529,230 of employees' Toderat income tax due 19. Issued Check No. 429 to Sims-Walker Insurance Company for $55,000, in payment of the semiannual premium on the group medical insurance policy. 27. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution Operations 584,000 4. PE 1104.BLANKSHEETALGO 5. PR 1104. ALGO 6. EX 11 21 7. EX 11.23 EXCEL ALGO Oficers 57,000 Office 14,000 $155.000 8. PE 1103A Deductions 9. EX 11.05 Social security 39.00 10. EX 1104. EXCEL ALGO 2.325 Medicare te Federal income tax withheld State income tax withheld 3,500 Retirement savings deductions Net amount 50,465 5104,5) Che My Won Previous Chapter 11 eBook Calculator 27. Issued Check No. 541 in payment of the net amount of the biweekly payroll to fund the payroll bank account 1. EX 11.11 BLANKSHEET ALGO 2. EX 11.01. ALGO 3. PR. 11.05 ALGO 4. PE 11.04.BLANKSHEETALGO S. PR.11.04. ALGO 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $9,300; Medicare tax, 52,325, state unemployment tax, 5375; federal unemployment tax $125. 27. Issued Check No. 543 for $42,525 to State Department of Revenue in payment of employees' state income tax due on December 31 31. Issued Check No: 545 to Jay Bank for 57,000 invest in a retirement savings account for employees 31. Paid 583,000 to the employee pension plan. The annual pension cost is $108,000. (Record both the payment and funded pensionsability 6. EX 11 21 Required: 7. EX 11.23.EXCEL ALGO 8. PL 1103A 1. Journalize the transactions. If an amount box does not require an entry leave blank For December 16th transactions, (o) record the payroll and (b) payment of salaries. For December Both transactions, (a) record the payroll (6.) payment of salaries, (c) record the taxes, and (d) payment of taxes. 9. EX 11.05 Date Account Debat Credil 10. EX 1104 EXCEL ALGO Progress: 3110 Home Chapter 11 eBook Calculator 1. EX. 11. 11 BLANKSHEETALGO 1. Journalize the transactions. If an amount box does not require an entry leave it bank. For December 16th transactions, (a) record the payroll and (b) payment of salaries For December 30th transactions, (a) record the payrol, () payment of salaries, (c) record the taxes, and (d) payment of taxes. 2. EX 11.01. ALGO Date 3. PR.11.05 ALGO Account Debit Credll 4. PE 11 04.BLANKSHEETALGO. 5. PR. 11.04. ALGO 6. EX.11.21 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 11.05 10. EX 1104. EXCEL ALGO Oy Chapter 11 ebook Calculator CO 1. EX.11.11 BLANKSHEET ALGO 2. EX 11.01 ALGO 3. PR 11 05 ALGO 4. PE 11.04.BLANKSHEETALGO . 2a. Jouma te the following adjusting entry on December 31. Sales norued operations sanes, 18.400; oers sales, 55,700, office sex, 51,400 The payroll taxes are immaterial and are not accedir an amount box does not require an entry, leave it blank 5. PR 11 04 ALGO Date Account Debit Credit 6. EX 11 21 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX.11.05 10. EX 1104 EXCEL ALGO 21. Joumalize the following adjusting entry on December 31: Vacation pay, 520,000. If an amount box does not require an entry wave blank Date Account Debit Cred Chapter 11 eBook Calculator Payroll Accounts and Year-End Entries 1. EX 11.11 BLANKSHEET ALGO 2. EX 11.01. ALGO 3. PR.11.05 ALGO 4. PE 11 04 BLANKSHEET ALGO 5. PR.11.04 ALGO 6. EX 11 21 7. EX 11 23 EXCEL ALGO The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: 211 Salaries Payable 212 Social Security Tex Payable $18,012 213 Medicare Tax Payable 4,740 214 Employees Federal Income Tax Payable 29,230 215 Employees State Income Tax Payable 28,440 216 State Unemployment Tax Payable 3,002 217 Federal Unemployment Tax Payable 948 213 Retirement Savings Deductions Payable 7,000 219 Medical Insurance 55,000 Operations Sales Expense 1,913,000 511 Omer Salaries Expense 1,248,000 512 Om Sales Expense 318,000 519 Payroll Tax Expense 271,760 The towing transactions relating to pay payroll actions, and pay the occurred during December DE 2. led the 410 17.000 towy Bank toeste 8. PE 1103A 9. EX 1105 10. EX 1104 EXCEL ALGO Chapter 11 eBook Calculator TER 1. EX 11 11. BLANKSHEETALGO. The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December 2. EX 11.01. ALGO 3. PR 11:05 ALGO Dec. 2. Issued Check No. 410 for $7,000 to lay Bank to invest in a retirement savings account for employees. 2. Issued Check No. 411 today Bank for $51.982 in payment of $18,012 of social security tax, 54,740 of Medicare tax, and $29,230 of employees federal income tax due 13. Journalized the entry to record the weekly payroll. A summary of the payroll record follows: 4. PE 11.04 BLANKSHEETALGO. 5. PR 11.04 ALGO Salary distribution 6. EX 11 21 Operations $87,000 Ofers 7. EX 11 23 EXCEL ALGO 57,000 Ome 14,000 $158,000 8. PE 1103A Deductions 9. EX 1105 Social Security 19,40 10. EX 11 LEXCEL ALGO 29,20 110 3,500 9,164 60154 307.14 Chapter 11 1. EX 11 11. BLANKSHEET ALGO 2. EX 11.01 ALGO 3. PR 11 05 ALGO 4. PE 11.04.BLANKSHEETALGO eBook Calculator 13. Issued Check No. 420 in payment of the net amount of the biweekly payroll to fund the payroll bank Bccount 13. Journalized the entry to record payroll taxes on employees' earnings of December 13: Social Security tax, 59,480; Medicare tax, $2,370; state unemployment tax, 5750; federal unemployment tax, $250. 16. Issued Check No. 424 to Jay Bank for $52,930, in payment of $18,960 of social security tax, 4.740 of Medicare tax, and $29,230 of employees' federal income tax due. 19. Issund Check No. 429 to Sims Walker Insurance Company for $55,000, in payment of the semiannual premium on the group medical insurance policy 27. Journalired the entry to record the biweekly payrol. A summary of the payroll record follows: Salary distribution: Operations $84,000 Officers 57,000 Oce 14,000 $155,000 Deductions 5. PR 11.04 ALGO G. EX 11 21 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 1105 10. EX 1104 EXCEL ALGO $9,300 2325 Federastaid 28165 6,975 3,500 59.455 eBook Chapter 11 Calculator 27. Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: 1 EX 11.11.BLANKSHEET ALGO 2. EX 11.01 ALGO Salary distribution: Operations $84,000 Omicers 57,000 3. PR 11 05 ALGO Office 14,000 $155,000 4. PE 1104 BLANKSHEET ALGO Deductions: 5. PR. 11.04 ALGO Social security tax $9,300 6. EX 1121 Medicare tax 2,325 28,365 7. EX 11 23 EXCEL ALGO Federal income tax withheld 6,975 8. PE 11.03A State income tax withheld Retirement savings deductions 3,500 50,465 9. EX 1105 Net amount $104,535 10. EX 1104 EXCEL ALGO 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll to fund the payroll bank account 27. Journalised the entry to record payroll taxes on employees' earnings of December 27: social security tax, 59,300; Medicare tax, $2,325; state unemployment tax 5375; federal unemployment tax, 5125 27 Issued Check No. 543 for 542,525 to State Department of Revenue in payment of employees' state con tax due on December 31 Progress Chapter 11 eBook Calculator 1. EX 11 11 BLANKSHEET ALGO 2. EX 11.01 ALGO 31. Issued Check No. 545 to lay Bank for $7,000 invest in a retirement savings account for employees 31. Pald $3,000 to the employee pension plan. The annual pension cost is $108,000. (Record both the payment and unfunded pension liblity.) Required: 3. PR 11.05 ALCO 4. PE 11 04 BLANKSHEET ALGO 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. For December 16th transactions, (a) record the payroll and payment of salaries For December 30th transactions, (a) record the payroll, (b) payment of salaries, (c) record the taxes, and (d) payment of taxes. 5. PR 11 04 ALGO Date 6. EX 11 21 Account Debit Credit 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 1105 10. EX 11.04 EXCEL ALGO Progress 110 mm Chapter 11 eBook Calculator 1. EX 11 11 BLANKSHEETALGO 1. Journalize the transactions. If an amount box does not require an entry, leave it on For December 16th transactions, (a) record the payroland (h.) payment of salaries For December oth transactions, (a) record the payroll, (b) payment of salaries, (c) record the taxes, and (d) payment of taxes 2. EX 1101 ALOO 3. PR 1105 ALGO Date Account Debit credil 4. PE 11 04 BLANKSHEETALGO . 5. PR1 DE ALGO & EX 11 21 7. DX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 11.05 10. EX 11 04 EXCEL ALCO Dom Chapter 11 eBook Calculator 1. EX 11. 11. BLANKSHEET ALGO 2. EX 1101 ALGO 3. PR 11 05 ALGO 13 Taxes 4. PE 1104 BLANKSHEET ALGO 5. PR 1104 ALGO 6. EX 11 21 7. EX 11 23 ECCEL ALGO 16-Tax 8. PE 11 OSA 9. EX 11 OS 10 DX1104 EXCEL ALGO CDI 1 EX 11 11 BLANKSHEET ALGO 27 (a.) 2 EX.11.01 ALGO 3. PR 11.05 ALGO 4. PE 11.04 BLANKSHEET ALGO 5. PR. 11.04 ALGO G. EX 11 21 7. EX 11 23 EXCEL ALGO 8. PE 1103A 9. EX 1108 10. EX 1104 EXCEL ALGO Chapter 11 eBook Calculator 1. EX 11 11. BLANKSHEET ALGO 27 (d.) 2. EX 1101 ALGO 3. PR 11.05 ALGO 31-Bonds 4. PE 11.04.BLANKSHEETALGO 5. PR 11 04 ALGO 31 6. EX 11 21 7. EX 11 23 EXCEL ALGO 8. PE 1103A 2a. Journalize the following adjusting entry on December 31. Salaries accrued: operations sanes, 58,400; oicers salaries, 55,700; mce salaries, The payroll taxes are material and are not accrued. If an amount box does not require an entry, leave it blank 9. EX 1105 10. EX 1104 EXCEL ALGO Date Account Debit Credit