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*need to record 7 accounts for this question *need to record 7 accounts for this question *legal expense is not listed to use as an
*need to record 7 accounts for this question
*need to record 7 accounts for this question
*legal expense is not listed to use as an account
*need to record 7 accounts for this question
00 L. 01 02 Payroll summary for wages earned from Dec. 24 to Dec. 31 is detailed below. These amounts will be paid next year. Gross Wages $6,300 FICA Taxes Payable 482 Federal Withholding Taxes 1,246 State Withholding Taxes 389 Net Pay 4,183 03 04 05 06 482 Employer's share of FICA (NO FUTA or SUTA is due) 07 27-Dec 131 132 133 134 135 136 137 138 Paid bi-weekly wages via payroll checks. The payroll summary is below: Employee wages (gross) $6,120 FICA taxes withheld 468 Federal income taxes withheld 1,567 State income taxes withheld 355 Net pay $3,730 27-Dec Employer's payroll taxes: FICA tax (no FUTA or SUTA) $468 139 21-Dec A bill from Han Solo, Esquire is received for legal services performed related to the acquisition of the moon. The total of the bill is $7,000 and is paid immediately. 24-Dec Cash 24-Dec Inventory 158 31-Dec Paid monthly salaries via payroll checks. The payroll summary is below: 159 160 161 162 163 164 165 166 167 Employee salaries (gross) $53,300 FICA taxes withheld 4,078 Federal income taxes withheld 8,154 State income taxes withheld 1,817 Net pay $39,251 Employer's payroll taxes: FICA tax $4,078 (no FUTA or SUTA) 31-DecStep by Step Solution
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