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Francis Baker owns a business called Baker Construction Co. She does her banking at the American National Bank general ledger for payroll taxes and employees'
Francis Baker owns a business called Baker Construction Co. She does her banking at the American National Bank general ledger for payroll taxes and employees' withholding of Social Security, Medicare, and federal income tax pas shown: Required: Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes or aker Construction Co. She does her banking at the American National Bank in Seattle, Washington. The amounts in her ployees' withholding of,Social Security, Medicare, and federal income tax payable as of July 15 of the current year are ' ment of the employee federal income taxes and Social Security and Medicare taxes on July 15,20, and the Required: Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare ta) payments of the FUTA and SUTA taxes on July 31, 20- quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on July 15,20, and the FUTA and SUTA taxes on July 31,20 -.. pif Aranumte LIABILITIES 513 Bank Credit Card Expense 202 Accounts Payable 514 Store Supplies Expense 211 Employee Federal Income Tax Payable 515 Travel and Entertainment Expense 212 Social Security Tax Payable 530 Payroll Taxes Expense 213 Medicare Tax Payable .549 Miscellaneous Expense 219 Wages Payable 221 FUTA Tax Payable 222 SUTA Tax Payable EQUITY 311 Francis Baker, Capital 312 Francis Baker, Drawing Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on July 15 , and SUTA taxes on July 31,20. General Joumal Instructions GENERAL JOURNAL DATE ACCOUNT TITLE ment of the employee federal income taxes and Social Security and Medicare taxes on July 15, 20-, and the payments of the FUTA 20
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