On January 15, the end of the first pay period of the year, North Company's employees earned $50,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,300 of federal income taxes, $1,175 of medical insurance deductions, and $220 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities View transaction list Journal entry worksheet Record the employee payroll for period. Note: Enter debit before credits Date General Journal D ebit Credit Jan 15 Merger Co has 10 employees, each of whom earns $1.500 per month and has been employed since January 1 FICA Social Security taxes are 6.2% of the first $128.400 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the March 31 journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record employer payroll taxes. Note: Enter debits before credits Date General Journal Debit Credit Mar 31 Recordy Clear entry Verw a l journal Required information [The following information applies to the questions displayed below.) BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee Gross Pay through August 31 $ 6.000 2,750 123,600 Gross Pay for September $1.500 2,850 9,500 Assuming situation (c), prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee. The employee's federal income taxes withheld by the employer are $70 for this pay period. Complete this question by entering your answers in the tabs below. Taxes to be General Withheld From Journal Gross Pay The employee's federal income taxes withheld by the employer are $70 for this pay period. Compute the taxes to be withheld from gross pay for this employee. (Round your answers to 2 decimal places.) Taxes to be withhold From Gross Pay (Employee Paid Taxes) September Earnings Subject to Tax Tax Rate Tax Amount 70.00 Required information The following information applies to the questions displayed below BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128.400 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay, For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee Gross Pay through August 31 $ 6,000 2,750 123,600 Gross Pay for September $1.50 2,850 9,500 Assuming situation (), prepare the employer's September 30 journal entries to record the employer's payroll taxes expense and its related liabilities Complete this question by entering your answers in the tabs below. General Payroll Taxes Expense Journal Compute the payroll taxes expense. (Round your answers to 2 decimal places.) Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount Listed below are a few transactions and events of Maxum Company 1. Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $7.800 of accrued vacation benefits for the year. 2. During December, Maxum Company sold 3.400 units of a product that carries a 60-day warranty. December sales for this product total $139,000. The company expects 10% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $17 Prepare adjusting entries at December 31 for Maxum Company's year-end financial statenients for each of the above separate transactions View transaction list Journal entry worksheet Employees earn vacation pay at a rate of one day per month. Maxum estimated and must expense $7,800 of accrued vacation benefits for the year. Record the related adjusting entry. Hit Enter debits before credits Transaction General Journal Debit Credit