I desperately need help with the Journalizing of these transactions
TOWNE CLEANERS ate 12/12 Deposit weekly recelpts for: Cleaning services $1,726.00 $318.00 85.00 tions Tuxedo rentals NOTE: Above amounts represent cash register totals. The actual d only $2,120, cash on hand, thus there must be a shortage. eposit was for Owner withdrawal of $500 for personal use, check #327Rdmo Remit balances in ledgers for November payro Bank West kevnls purle Tewell-y 12/13 12/13 federal payroll taxes (income taxes and FICA taxes) in the amount of the credit #328 payable to America Remit monthly note payment on delivery van of $455 ($400 principal; $55 interest) to Car Cal Credit, check #329 12/15 Prepare Payroll Register and Employees' Earnings Records for the two week period ended December 12 and journalize entry 12/15 Medical Pay Rate $7.00 $8.00 $10.00 $60.00 Prior Name Cumulative Hours B. Jones K. Smith J. Perry W. Johnson $6,600.00 $8,256.00 $19,825.00 $115,200.00 40 47 82 80 $15.00 $15.00 $15.00 $15.00 All hours worked in excess of 40 per week (or 80 in a two week period) are paid at the rate of 1.5 times the normal hourly rate. worked less than 80 do not qualify for overtime pay.) a. (Assume any hours Unemployment taxes are computed on the basis of .6% of the first S7 ,000 in earnings (Federal); 3.4% of the first $7,000 in earnings (State) b. FICA taxes are computed on the basis of 6.2% of the first $118,500 in earnings for Social Security; 1.45% of all earnings for Medicare c. Federal Income Taxes should be determined by using the marital status and number of withholding allowances information on the Employee's Individual Earnings Records and the Federal Income Tax Withholding Table (See Schedule A-1) d. e. State Income Taxes are based upon 25% of the Federal Income Tax f. Payroll is paid through a special payroll bank account TOWNE CLEANERS ate 12/12 Deposit weekly recelpts for: Cleaning services $1,726.00 $318.00 85.00 tions Tuxedo rentals NOTE: Above amounts represent cash register totals. The actual d only $2,120, cash on hand, thus there must be a shortage. eposit was for Owner withdrawal of $500 for personal use, check #327Rdmo Remit balances in ledgers for November payro Bank West kevnls purle Tewell-y 12/13 12/13 federal payroll taxes (income taxes and FICA taxes) in the amount of the credit #328 payable to America Remit monthly note payment on delivery van of $455 ($400 principal; $55 interest) to Car Cal Credit, check #329 12/15 Prepare Payroll Register and Employees' Earnings Records for the two week period ended December 12 and journalize entry 12/15 Medical Pay Rate $7.00 $8.00 $10.00 $60.00 Prior Name Cumulative Hours B. Jones K. Smith J. Perry W. Johnson $6,600.00 $8,256.00 $19,825.00 $115,200.00 40 47 82 80 $15.00 $15.00 $15.00 $15.00 All hours worked in excess of 40 per week (or 80 in a two week period) are paid at the rate of 1.5 times the normal hourly rate. worked less than 80 do not qualify for overtime pay.) a. (Assume any hours Unemployment taxes are computed on the basis of .6% of the first S7 ,000 in earnings (Federal); 3.4% of the first $7,000 in earnings (State) b. FICA taxes are computed on the basis of 6.2% of the first $118,500 in earnings for Social Security; 1.45% of all earnings for Medicare c. Federal Income Taxes should be determined by using the marital status and number of withholding allowances information on the Employee's Individual Earnings Records and the Federal Income Tax Withholding Table (See Schedule A-1) d. e. State Income Taxes are based upon 25% of the Federal Income Tax f. Payroll is paid through a special payroll bank account
