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Continuing Payroll Project: Prevosti Farms and Sugarhouse (Static) The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits
Continuing Payroll Project: Prevosti Farms and Sugarhouse (Static) The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the payroll registers, complete the General Journal entries as follows: February 5 Journalize the employee pay. February 5 Journalize the employer payroll tax for the February 5 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 10 February 19 February 19 Issue the employee pay. February 24 February 24 March 5 March 5 March 10 March 19 March 19 March 24 March 24 Journalize the employee pay. Journalize the employer payroll tax for the February 19 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. Issue the employee pay. Pay payroll taxes. Issue the payment for payroll liabilities. Journalize the employee pay. Journalize the employer payroll tax for the March 5 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. Issue the employee pay. Journalize the employee pay. Journalize the employer payroll tax for the March 19 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed FUTA or SUTA wage base. Issue the employee pay. Issue the payment for payroll liabilities. 2. Post all journal entries to the appropriate General Ledger accounts. Complete this question by entering your answers in the tabs below. Payroll Payroll Payroll Payroll General General Prev 1 of 1 Next >
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