Continuing Payroll Problem, 6A: Chapter 6

You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8, 20--.

In this last task, the following steps will be completed.

Requirements:

1. Record the deduction for group insurance.
2. Record the health insurance deduction.
3. Record the check number assigned to each employee.
4. Compute and record the net pay for each employee.
5. Total the input columns on the Employee Payroll register.
6. On Employer Register, enter total gross earnings.
7. Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8. Credit Salaries Payable for the total net pay.
8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers.

Employee Benefits

The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan.

KIPLEY COMPANY, INC. Insurance Deduction Register
Name	GRP. INS.	HEALTH INS.	CK. NO.
Carson, F.	$0.85	$1.65	313
Wilson, W.	0.85	1.65	314
Utley, H.	0.85	1.65	315
Fife, L.	0.85	1.65	316
Smith, L.		1.65	317
Fay, G.	0.85	1.65	318
Robey, G.	0.85	1.65	319
Schork, T.		1.65	320
Hardy, B.	0.85	1.65	321
Kipley, C.	0.85	1.65	322

Journal Entry: Recording Payroll

Complete the following:

Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8. Credit Salaries Payable for the total net pay.

Date	Account	Debit	Credit
20-- Jan. 12	CashFICA Taxes PayablePayroll Taxes ExpenseSUTA Taxes PayableWages and Salaries ExpenseWages and Salaries Expense	fill in the blank d5bc24fc7ffd00d_2	fill in the blank d5bc24fc7ffd00d_3
	FICA Taxes Payable-OASDIFUTA Taxes PayablePayroll Taxes ExpenseSUTA Taxes ExpenseWages and Salaries ExpenseFICA Taxes Payable-OASDI	fill in the blank d5bc24fc7ffd00d_5	fill in the blank d5bc24fc7ffd00d_6
	FICA Taxes ExpenseFICA Taxes Payable-HIPayroll Taxes ExpenseSUTA Taxes PayableWages and Salaries ExpenseFICA Taxes Payable-HI	fill in the blank d5bc24fc7ffd00d_8	fill in the blank d5bc24fc7ffd00d_9
	CashEmployees FIT PayableFUTA Taxes PayableSUTA Taxes PayableWages and Salaries ExpenseEmployees FIT Payable	fill in the blank d5bc24fc7ffd00d_11	fill in the blank d5bc24fc7ffd00d_12
	Employees SIT PayableEmployees SUTA ExpenseGarnishment PayablePayroll Taxes ExpenseWages and Salaries ExpenseEmployees SIT Payable	fill in the blank d5bc24fc7ffd00d_14	fill in the blank d5bc24fc7ffd00d_15
	Employees SUTA ExpenseEmployees SUTA PayableGarnishment ExpensePayroll Taxes ExpenseWages and Salaries RevenueEmployees SUTA Payable	fill in the blank d5bc24fc7ffd00d_17	fill in the blank d5bc24fc7ffd00d_18
	Employees CIT PayableFICA Taxes ExpenseFUTA Taxes PayablePayroll Taxes PayableWages and Salaries ExpenseEmployees CIT Payable	fill in the blank d5bc24fc7ffd00d_20	fill in the blank d5bc24fc7ffd00d_21
	CashEmployees SUTA ExpenseSimple Deductions PayableFUTA Taxes PayableSUTA Taxes PayableSimple Deductions Payable	fill in the blank d5bc24fc7ffd00d_23	fill in the blank d5bc24fc7ffd00d_24
	CashEmployees SUTA ExpenseGroup Insurance Premiums CollectedFUTA Taxes PayableWages and Salaries ExpenseGroup Insurance Premiums Collected	fill in the blank d5bc24fc7ffd00d_26	fill in the blank d5bc24fc7ffd00d_27
	CashEmployees SUTA ExpenseHealth Insurance Premiums CollectedFUTA Taxes PayableWages and Salaries ExpenseHealth Insurance Premiums Collected	fill in the blank d5bc24fc7ffd00d_29	fill in the blank d5bc24fc7ffd00d_30
	Employees SUTA ExpenseSalaries PayableGarnishment ReceivableFUTA Taxes PayableWages and SalariesSalaries Payable	fill in the blank d5bc24fc7ffd00d_32	fill in the blank d5bc24fc7ffd00d_33
	To record payroll.
20-- Jan. 12	Employees SIT PayableGarnishment ReceivablePayroll Taxes ExpenseSUTA Taxes PayableWages and SalariesPayroll Taxes Expense	fill in the blank d5bc24fc7ffd00d_35	fill in the blank d5bc24fc7ffd00d_36
	FICA Taxes ExpenseFICA Taxes Payable-OASDIPayroll Taxes DistributableSUTA Taxes ExpenseWages and Salaries ExpenseFICA Taxes Payable-OASDI	fill in the blank d5bc24fc7ffd00d_38	fill in the blank d5bc24fc7ffd00d_39
	FICA Taxes ExpenseFICA Taxes Expense-HIFICA Taxes Payable-HIPayroll Taxes ExpenseWages and SalariesFICA Taxes Payable-HI	fill in the blank d5bc24fc7ffd00d_41	fill in the blank d5bc24fc7ffd00d_42
	Employees FIT PayableFICA Taxes ExpenseFUTA Taxes PayablePayroll Taxes ExpenseWages and Salaries ExpenseFUTA Taxes Payable	fill in the blank d5bc24fc7ffd00d_44	fill in the blank d5bc24fc7ffd00d_45
	Employees SIT PayableGarnishment ReceivablePayroll Taxes ExpenseSUTA Taxes PayableWages and Salaries ExpenseSUTA Taxes Payable	fill in the blank d5bc24fc7ffd00d_47	fill in the blank d5bc24fc7ffd00d_48
	To record payroll taxes.