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Journalize entries for the payment of each tax liability in the general journal. (Record debits first, then credits. Exclude explanations from journal entries. Round all
Journalize entries for the payment of each tax liability in the general journal. (Record debits first, then credits. Exclude explanations from journal entries. Round all calculations to the nearest cent as needed. If no entry is necessary, select "No entry required" on the first row of the Accounts column and leave all other fields blank.)
Journalize the payment of the January tax liability (excluding FUTA and SUTA payments) in the general journal.
The following is the monthly payroll of Johnson Company, owned by Dante Johnson. Employees are paid on the last day of each month. View the employees' payroll information for January, View the employees" payroll information for February. View the employees" payroll information for March. SUTA tax rate is 5.7% on the first $7,000. The FUTA tax rate is 0.6% on the first $7,000 of earninggs. Johnson Company is classified as a monthly depositor for Form 941 taxes. Read the tasks. needed. If no entry is necessary, select "No entry required" on the first row of the Accounts column and leave all other fields blank.) Journalize the employer's peyroll tax expense for January 31. Journalize the employer's payroll tax expense for February 28. Journalize the employer's payroll tax expense for March 31. select "No entry required" on the first row of the Accounts column and leave all other fields blank.) Journalize the payment of the January tax liability (excluding FUTA and SUTA payments) in the general journal. January February March Journalize the payment of the January tax liability (excluding FUTA and SUTA payments) in the general journal. \begin{tabular}{l|l|l|l|l|l|l|} \hline Date & Account Titles & Debit & Credit \\ \hline Feb. 15 & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}Step by Step Solution
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