I just need you to tell me which accounts I would need to use.

January 6 a. Deposit with the state of Pennsylvania the amount of state income taxes withheld from the December 18 payroll. Use the current balance of account 25, Employees SIT Payable. (Transaction No. 31 on page 7-51) January 8 a. Pay the treasurer of the union the amount withheld during the month of December. Use the current balance of account 28, Union Dues Payable. January 15 a. Electronically deposit the amount of FICA taxes and federal income taxes for the December payrolls. (Transaction No. 33 on page 7-49) b. Deposit with the city of Philadelphia the amount of city income taxes withheld from the December payrolls. (Transaction No. 34 on page 7-52) February 1 a. Prepare Form 941, Employers Quarterly Federal Tax Return, for the fourth quarter. The information needed to prepare Form 941 can be obtained from the ledger accounts, payroll registers, employees earnings records, and Federal Deposit forms. The wages paid to Virginia Russell ($2,394.00) and the SIMPLE plan deductions need to be deducted from Line 2 total quarterly wages. Line 5a wages are total quarterly wages paid less the amount paid to ONeill in excess of the $132,900 cap on Social Security wages, while line 5c is total quarterly wages. (Transaction No. 35 on pages 7-54 and 7-55) Form 941 and all forms that follow are to be signed by the president of the company, Joseph T. ONeill. b. Prepare Form 940, Employers Annual Federal Unemployment (FUTA) Tax Return. Line 3 is the annual gross pay. Line 7 is the total amount of earnings for the year that are subject to FUTA tax. Since the wage base for FUTA is $7,000, you will check the earnings records to see who has earnings in excess of the wage base. Add $7,000 for each employee over the wage base plus the total earnings of any employee earning less than the wage base. Lines 5 and 6 are the difference between these two amounts and represent the earnings in excess of the FUTA wage base of $7,000. (Remember any amount in excess of $7,000 is not taxed for FUTA.) Line 8 total tax paid should equal the February 1 payment. (Transaction No. 36 on pages 756 and 7-57) Journalize the entry to record the electronic deposit for the FUTA tax liability. (Transaction No. 36 on page 7-49) c. Prepare Form UC-2, Employers Report for Unemployment CompensationFourth Quarter. In Pennsylvania, a credit week is any calendar week during the quarter in which the employee earned at least $50 (without regard to when paid). The maximum number of credit weeks in a quarter is 13. (Transaction No. 37 on page 758) Journalize the entry to record the payment of the SUTA taxes (employer and employee) for the fourth quarter. d. Complete a Form W-2, Wage and Tax Statement, for each current employee using the employees earnings records and address information from Figure A.4. Note: You will need to adjust total earnings in Box 1 if the employee made SIMPLE contributions. Use each employees earnings record to obtain the information needed to complete the forms. The two plant workers (Bonno and Ryan) have had $121.00 in union dues withheld during the year. In addition to union dues withheld, include Pennsylvania State Unemployment Tax (SUTA) withheld in Box 14. (Transaction No. 38 on pages 760 through 7-64) e. Complete Form W-3, Transmittal of Wage and Tax Statements. Use the information from all Forms W-2 to complete this form. (Transaction No. 39 on page 7-65)

f. Complete Pennsylvania Form REV-1667, W-2 Transmittal. Use the information on Forms W-2 to complete this report. Remember: Russells final check was not subject to SIT. (Transaction No. 40 on page 7-65) The wages paid and the Pennsylvania tax withheld for the first three quarters are provided in Figure A.17 on page A-22. g. Complete Form 1099-MISC, Miscellaneous Income, for the payment to the Estate of Virginia A. Russell. This is the gross amount of her last pay. Because the check was written to her estate, this amount is reported as Other income in Box 3 so that the IRS will not seek self-employment tax on the amount and it should not appear on her W-2, as noted in (d) above. (Transaction No. 41 on page 7-66) h. Complete Form 1096, Annual Summary and Transmittal of U.S. Information Returns. Use the information on Form 1099-MISC to complete this form. (Transaction No. 42 on page 7-66) i. Pennsylvania Quarterly Reconciliation of Income Tax Withheld is filed electronically. (Transaction No. 43 on page 7-52) j. Prepare the Annual Reconciliation of Employer Wage Tax for Philadelphia. For Lines 1, 3, and 4, use gross wages and salaries per General Ledger less the exempt wages paid to the Estate of Virginia A. Russell. (This amount should agree with Form W-3, Box 18, local wages.) Tax paid during the first three quarters was $5,519.60. For reporting purposes, there were 10 Philadelphia residents for whom wage tax was remitted for the pay period ending March 12, 20--. (Transaction No. 44 on page 7-53)

a. On the nancial statements prepared at the end of its rst year of operations, the company must show an accurate picture of all expenses and all liabilities incurred. The last payday of the year was December 18. However, the payment to the employees on that day did not include the weeks ending December 19 and 26 and the four days (December 2831) in the following week. These earnings will be reected in the January payrolls. Two-column journal paper is provided for use in journalizing the following entry on the next page. Prepare the adjusting entry as of December 31 to record the salaries and wages that have accrued but remain unpaid as of the end of the year. When calculating the amount of the accrual for each hourly worker, assume each employee worked eight hours on each day during the period with no overtime (student works a 36-hour week student worked 32 hours for the period December 28 through December 31). For each salaried worker, the accrual will amount to 14/10 of the workers biweekly earnings, except for Zimmerman who worked only 10 days. Each of the labor cost accounts should be debited for the appropriate amount of the accrual, and Salaries and Wages Payable should be credited for the total amount of the accrual. There is no liability for payroll taxes on the accrued salaries and wages until the workers are actually paid. Therefore, the company follows the practice of not accruing payroll taxes. b. Also, prepare the adjusting entry as of December 31 to record the accrued vacation pay as of the end of the year. Record the expense in a vacation benets expense account, and credit the appropriate liability account. Use the journal paper provided on the following page.

These are the accounts listed:

Cash 11 Payroll Cash 12 FICA Taxes PayableOASDI 20.1 FICA Taxes PayableHI 20.2 FUTA Taxes Payable 21 SUTA Taxes PayableEmployer 22

Employees PIT Payable 24 Employees SIT Payable 25 Employees SUTA Payable 25.1 Employees CIT Payable 26 Group Insurance Premiums Collected 27 Union Dues Payable 28 Administrative Salaries 51 Office Salaries 52 Sales Salaries 53 Plant Wages 54 Payroll Taxes 56