Im making a general journal entry for Nix Company Payroll. It ended on March 31 20-. what are the general journal entries? How do I calculate this based on the information they gave me? I don't understand how to match the account titles and putting the debit and credit entries in the correct spots.
PAYROLL REGISTER FOR THE PERIOD ENDED March 31, 20- EARNINGS TAXABLE EARNINGS DEDUCTIONS EMPLOYEE MARIT. NAME NUMBER ALLOWANOES STATUS REGULAR OVERTIME TOTAL UNEMPL SOC. TOTAL COMP. SEC. FED. MEDICARE HEALTH TAX INSUR. msua. OTHER TOTAL PAY N0- NET CK- 21 Totals 5,400.00 100.00 5,500.00 71,500.00 5,000.00 5,500.00 500.00 341.00l 79.75 165.00 200.00 1,285.75 4,214.25 21 Payroll taxes are imposed as follows: Social Security tax, 6.2%; Medicare tax, 1.45%; FUTA tax, 0.6%; and SUTA tax, 5.4%. Required: 1 . a. Prepare the journal enhy for payment of this payroll on March 31, 20--. 1. b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 20--. 2. Nix Company had the following balances in its general ledger before the entries for requirement (1) were made: Employee federal income tax payable $2,500 S'IS . I was Instructions 1. a. Prepare the journal entry for payment of this payroll on March 31, 20. 1. b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 20-. 2. Nix Company had the following balances in its general ledger before the entries for requirement ( 1) were made: Employee federal income tax payable $2,500 Social Security tax payable 2,008 Medicare tax payable 470 FUTA tax payable 520 SUTA tax payable 4,510 a. Prepare the joumal entry for payment a! the liabilities for federal income taxes and Social Security and Medicare taxes on April 15, 20. b. Prepare the joumal entry for payment of the liability for FUTA tax on April 30, 20--. c. Prepare the joumal entry for payment of the liability for SUTA tax on April 30, 20--. 3. Nix Company paid a premium of $420 for workers'oompensatian insurance based on the estimated payroll as of the beginning of the year. Based on actual payroll as of the end at the year, the premium is only $400. Prepare the adjusting entry to reect the overpayment of the insurance premium at the end of the year (December 31, 20~). 1. a. Prepare the jaurnal entry for payment of this payroll on March 31, 20--. 1. b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 2 General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REE DEBIT CREDIT