Question
Hello this is a question regarding the 2017 Bingham case project [Para. 4-a-11] The General Fund paid vouchers during the year in the amount of
Hello this is a question regarding the 2017 Bingham case project
[Para. 4-a-11] The General Fund paid vouchers during the year in the amount of $3,200,000 as well as its liabilities for employees federal and state income taxes withheld and payroll taxes.
Required: Record the payment of these items in both the General Fund and governmental activities general journals
ADDITIONAL INFORMATION THAT MAY HELP:
[Para. 4-a-9] General Fund payrolls for the year totaled $5,083,038. Of that amount, $772,395 was withheld for employees' federal income taxes; $860,456 for federal payroll taxes; $290,798 for employees state income taxes; $320,152 for retirement funds administered by the state government; and the remaining $2,839,237 was paid to employees in cash. The City of Bingham does not record encumbrances for payrolls. The payrolls were chargeable against the following functions appropriations:
General Government $ 1,300,376
Public Safety 2,331,644
Public Works 790,481
Health and Welfare 311,673
Culture and Recreation 348,864
Total $5,083,038
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