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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 10 Req 1 and 2 Req Reg 3B and 4 Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. 0.75 points No Date General Journal Debit Credit 1 July 31 37,140 X 22.320 5,220 Payroll taxes expense FICASocial sec. taxes payable FICA-Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable Employee medical insurance payable Employee life insurance payable 2,700 300 4,200 X 2,400 2 July 31 No Transaction Recorded 3 July 31 44,640 10,440 90,000 FICASocial sec. taxes payable FICAMedicare taxes payable Employee fed. inc. taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable Federal unemployment taxes payable Employee medical insurance payable Cash OOOOOOOOO 20,000 7,000 4,000 1,000 2,700 X 300 X 180,080
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