E11-11 Ramirez Company has the following data for the weekly payroll ending January 31. Federal Income Tax Withholding Hours Hourly Health Employee L.Helton R. Kenseth D. Tavaras T W Rate Insurance 9 8 $34 37 $10 25 10 3 $12 14 8 8 2 25 10 8 58 8 0 15 Employees are paid 1 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $117,000 of gross earnings. Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemploymen taxes on the first $7,000 of gross earnings. Instructions (a) Prepare the payroll register for the weekly payroll. (b) Prepare the journal entries to record the payroll and Ramirez's payroll tax expense. Sutton Company are presen Instructions Identify each statement as true or false. If false, indicate how to correct the E12-2 K. Decker, S.Rosen, and E. Toso are forming a partnership. Deck -$50,000 of personal cash to the partnership. Rosen owns land worth $1 Suilding worth $80,000, which she transfers to the partnership. Toso tre ership cash of $9,000, accounts receivable of $32,000, and equipment artnership expects to collect $29,000 of the accounts receivable. astructions :) Prepare the journal entries to record each of the partners' invest What amount would be reported as total owners' equity immediatel E11-11 Ramirez Company has the following data for the weekly payroll ending January 31. Federal Income Tax Withholding Hours Hourly Health Employee L.Helton R. Kenseth D. Tavaras T W Rate Insurance 9 8 $34 37 $10 25 10 3 $12 14 8 8 2 25 10 8 58 8 0 15 Employees are paid 1 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $117,000 of gross earnings. Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemploymen taxes on the first $7,000 of gross earnings. Instructions (a) Prepare the payroll register for the weekly payroll. (b) Prepare the journal entries to record the payroll and Ramirez's payroll tax expense. Sutton Company are presen Instructions Identify each statement as true or false. If false, indicate how to correct the E12-2 K. Decker, S.Rosen, and E. Toso are forming a partnership. Deck -$50,000 of personal cash to the partnership. Rosen owns land worth $1 Suilding worth $80,000, which she transfers to the partnership. Toso tre ership cash of $9,000, accounts receivable of $32,000, and equipment artnership expects to collect $29,000 of the accounts receivable. astructions :) Prepare the journal entries to record each of the partners' invest What amount would be reported as total owners' equity immediatel
