Exercise 9-8 Recording payroll LO P2 P3 The following monthly data are taken from Randez Company at Myt Sales were $80.000, 576.000 Income taxes withheld 4.000 Sate Income withheld $25,500, Sachal security withheld $28.72 Medicare withheld. $6,612: Medical Insurance premium $9.000: U ruce prentur. $6.000 Unon dues deducted $3,000 and Gabrie subject to unemployment taxes, $54.000 The employee pays 40% of medical and life Insurance premiums. Assume that PICA S are identical to those on employees and that SUTAwes are 5.0 and FUTAwe are 06% 12. Using the above Women, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July 3. Using the above information complete the below table. 4. Record the accrued employer payroll taxes and all other employer paid expenses and the cash payment of all abities for July assume that RCA xes are identical to those on employees and that SUTA taxes are 5.4% and PUTA taxes are 0.6% Complete this question by entering your answers in the tabs below Using the above information, complete the below table and prepare the journal entries to record a payment of the net pool for nd payroll and cash Pr e mium Padam Pad Employee Medical insurance Pay Employee Lin e Payable Da l Journal Debt o incing and Rodunalary for c for Exercise 9-8 Recording payroll LO P2 P3 The following monthly data are taken from Rntrez Company at July 3t: Sales salaries, $380,000; Office salaries, $75,000:Federal Income taxes withheld. S114.000, State Income tax withheld. $25,500: Social security taxes withheld, 528,272 Medicare taxes withheld, $6,612, Medical Insurance premiums, $9,000: Life Insurance premiums, $6.000: Unfondues deducted, $3,000, and Salon subject to unemployment taxes, $54,000. The employee pays 40% of medical and life Insurance premiums. Assume that ICA tax are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% 182. Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July 3. Using the above Information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer paid expenses and the cash payment of all abilities 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% Complete this question by entering your answers in the tabs below. R3 R14 Using the above information, complete the below table. Amount TAX Dubaot to the Sa Unemployments Payable For Uomolomontax Payne Regland 2 Req3 Reg 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 PUTA taxes are 0.6%. View transaction et Journal entry worksheet Record all employer's payroll expenses and liabilities for the month of July. Note: Enter cubits before credits General Journal Debit Credit July 31 Record entry Clear entry Voormal Req3
