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In the Illustrative Case in this chapter payroll transactions for Brookins Company were analyzed, Journalized, and posted for the third quarter of the fiscal year.

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In the Illustrative Case in this chapter payroll transactions for Brookins Company were analyzed, Journalized, and posted for the third quarter of the fiscal year. In this problem, you are to record the payroll transactions for the last quarter of the firm's fiscal year. The last quarter begins on April 1, 20- 29, Narrative of Transactions: Apr. 1. Pald the treasurer of the union the amount of union dues withheld from workers' earnings during March 15 Payroll: $6,105. All wages and salaries taxable. Withheld $565 for federal income taxes, $107.32 for state Income taxes, and $50 for union dues 15 Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter 15 Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls. 29. Payroll: $5,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for state Income taxes, and $55 for union dues Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid 29 Filed the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund. May 2 Pald the treasurer of the union the amount of union dues withheld from workers' earnings during April 13. Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.0s for state income taxes, and $55 for union dues. 16. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the April payrolls. 31. Payroll: $6,060. All wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state Income taxes, and $50 for union dues. June 3. Pald the treasurer of the union the amount of union dues withheld from workers' earnings during May, 15. Payroll: $6,380. All wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues Previous Check My Work 2 more Check My Work uses remaining. OBOOK Printem C 2. unemployment compensation fund. May Pald the treasurer of the union the amount of union dues withheld from workers earnings during April 13. Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.05 for state Income taxes, and $55 for union dues. 16 Electronically transferred funds to remove the ability for FICA taxes and federal income taxes withheld on the April payrolls 31. Payroll: 86,060. Al wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state income taxes, and 550 for union dues. June 3. Paid the treasurer of the union the amount of unlon dues withheld from workers' earnings during May 15. Payroll: $6,360. An wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues 15. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the May payroll 30. Payroll: $5,250. All wages and salaries taxable, except only $4,770 is taxable under FUTA and SUTA. Withheld $538 for federal income taxes, $127.60 for state income taxes, and $50 for union dues. The following are the account balances forwarded as of April 1: (1) Union Due Payable: $100 (2) Employees SIT Payable: $546.92 (3) FICA Taxes Payable - OASDT: $1,068.88 (4) FICA Taxes Payable - Ht: $249.98 (5) Employees FIT Payable: $1,124.00 (6) FUTA Taxes Payable $149.16 (7) SUTA Taxes Payable: 5571.78 (8) Cash: 557,673.56 (9) Wages and Salaries: 571,360.00 (10) Payroll taxes 56,846.74 Note: The SUTA tax rate is 2.3%. Previous eBook Print Item Analyze and journalize the transactions described in the narrative above. If an amount box does not require an entry, leave it blank. If req answers to the nearest cent. GENERAL JOURNAL PAGE 19 DESCRIPTION DEBIT CREDIT DATE 20- Apr. 1 Apr. 15- Payroll Apr. 15- Taxes eBook Print Item Apr, 15-State Taxes Apr. 15- Federal Taxes ILM UM Apr. 29- Payroll eBook Print Item Apr. 29- Payroll UN Apr. 29- Taxes Apr. 29-SUTA

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