Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help fixing what i got wrong please! Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for

need help fixing what i got wrong please! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8, 20-- In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the joumal entries as of January 12 to record the payrghyand the payroll taxes for the week ending January 8 , Credit Salaries Payable fo the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Employee Benefits Employee Benefits The table below lists the emplovee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each empilvee. Note that somn employees are not yet eligible for Group Insurance coverage under the company plan. The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Completing the payroll Register The Employee Payroll Register presents all the computations prevlously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): 1. Record the amount to be withheld for group insurance, 2. Fecord the amount to be withheld for health insurance. 3. Each worker is to be paid by check, Assign check numbers provided to the correct emplovee. 4. Compute the net pay for each employee. 5. Total the input columns. For Period Ending January 3,20 -- Taxable Earnings The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: -OASDI at 6.2% on the first $147,000 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Journal Entry: Recording Payroll Complete the following: Prepare the joumal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pary. re= = souop Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8,20 ,.. In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Employee Eenefits Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance, Also, a check number has been assigned to each employee. Note that some employees are not vet eligible for Group Insurance coverage under the company plan. The table below lists the employee contributions to Group insurance and Health insurance. Also, a check number has been arsigned to each employee, Note that some employees are not yet eligible for Group Insurance coverage under the company plan. The Employee Payroll Register presents all the computations previously performed as it applies to this payroll perion. Complete the following steps (if a field should be blank, leave it blank) 1. Record the amount to be withheld for group insurance. 2. Record the amount to be withheld for health insurance. 3. Each worker is to be paid by check. Assign check numbers provided to the correct employee. 4. Compute the net pay for each employee. S. Total the input columns. The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: - OASDI at 6.2% on the first $147,000 HI at 1.45% on total eamings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Cheak My Wer Journal Entry: Recording Payroll Complete the following: Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 , Credit Salaries Payable for the total net pay. Journal Entry: Payroll Distribution complete the following: Prepare the Joumal entry to record the payment of the payroll on January 14 when the paychecks are distrituted to all workers. Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8, 20-- In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the joumal entries as of January 12 to record the payrghyand the payroll taxes for the week ending January 8 , Credit Salaries Payable fo the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Employee Benefits Employee Benefits The table below lists the emplovee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each empilvee. Note that somn employees are not yet eligible for Group Insurance coverage under the company plan. The table below lists the employee contributions to Group Insurance and Health Insurance. Also, a check number has been assigned to each employee. Note that some employees are not yet eligible for Group Insurance coverage under the company plan. Completing the payroll Register The Employee Payroll Register presents all the computations prevlously performed as it applies to this payroll period. Complete the following steps (if a field should be blank, leave it blank): 1. Record the amount to be withheld for group insurance, 2. Fecord the amount to be withheld for health insurance. 3. Each worker is to be paid by check, Assign check numbers provided to the correct emplovee. 4. Compute the net pay for each employee. 5. Total the input columns. For Period Ending January 3,20 -- Taxable Earnings The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: -OASDI at 6.2% on the first $147,000 -HI at 1.45% on total earnings -FUTA at 0.6% on the first $7,000 SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Journal Entry: Recording Payroll Complete the following: Prepare the joumal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pary. re= = souop Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Continuing Payroll Problem, 6A: Chapter 6 You have almost completed the Kipley Company's Employee Payroll Register for the pay period ending January 8,20 ,.. In this last task, the following steps will be completed. Requirements: 1. Record the deduction for group insurance. 2. Record the health insurance deduction. 3. Record the check number assigned to each employee. 4. Compute and record the net pay for each employee. 5. Total the input columns on the Employee Payroll register. 6. On Employer Register, enter total gross earnings. 7. Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 . Credit Salaries Payable for the total net pay. 8. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. Employee Eenefits Employee Benefits The table below lists the employee contributions to Group Insurance and Health Insurance, Also, a check number has been assigned to each employee. Note that some employees are not vet eligible for Group Insurance coverage under the company plan. The table below lists the employee contributions to Group insurance and Health insurance. Also, a check number has been arsigned to each employee, Note that some employees are not yet eligible for Group Insurance coverage under the company plan. The Employee Payroll Register presents all the computations previously performed as it applies to this payroll perion. Complete the following steps (if a field should be blank, leave it blank) 1. Record the amount to be withheld for group insurance. 2. Record the amount to be withheld for health insurance. 3. Each worker is to be paid by check. Assign check numbers provided to the correct employee. 4. Compute the net pay for each employee. S. Total the input columns. The employer's taxes have been calculated on the Totals row of Taxable Earnings in Chapters 3 and 5 using the following rates: - OASDI at 6.2% on the first $147,000 HI at 1.45% on total eamings -FUTA at 0.6% on the first $7,000 -SUTA at 3.6890% on the first $10,000 Enter the Employer's total payroll taxes for the pay period ending January 8,20. Cheak My Wer Journal Entry: Recording Payroll Complete the following: Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8 , Credit Salaries Payable for the total net pay. Journal Entry: Payroll Distribution complete the following: Prepare the Joumal entry to record the payment of the payroll on January 14 when the paychecks are distrituted to all workers. Journal Entry: Payroll Distribution Complete the following: Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker

3rd Edition

9780130101952

More Books

Students also viewed these Accounting questions

Question

=+3. How will you measure action objective?

Answered: 1 week ago

Question

=+2. What research methodologies would be most effective?

Answered: 1 week ago

Question

=+ Focus groups with representative publics. Which publics?

Answered: 1 week ago