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Paul Company completed the salary and wage payroll for the month of March. The payrolil provided the following details: Sa laries and wages earned
Paul Company completed the salary and wage payroll for the month of March. The payrolil provided the following details: Sa laries and wages earned by employees Employee incomne taxes withheld Employee government insurance premiums withheld FICA payroll taxes* 5 220,000 44, 800 4,000 16,100 "Assessed on both employer and employee (ie, $16,100 each). Required: 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yet to transfer any withholdings to the government. 2. Prepare the journal entry to record the employer's payroll taxes, which have not yet been paid to the government. 3. Provide a combined journal entry to show the payment of all amounts owed to governmentai agencies. (For all requirements, If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the payroll for March, including emplayee deductions. View transaction list 25 points Journal entry worksheet 2 > eBook Record the payroll for March, including employee deductions. Hint Note: Enter debits before credits. Date General Journal Debit Credit References March 31 Record entry Clear entry View general journal 2 View transaction list 25 points Journal entry worksheet 1 2 3 > cBook Record the employer's payroll taxes. Hint Nate: Enter debits before credits. Date General Journal Debit Credit References March 31 Record entry Clear entry View general journal Mc 2 View transaction list 25 points Journal entry worksheet 1 2 3 > cBook Record the employer's payroll taxes. Hint Nate: Enter debits before credits. Date General Journal Debit Credit References March 31 Record entry Clear entry View general journal Mc Check my work 2 rui an Teyuneens, II IU euy 1aeyuneu IuI a LIaaaLLIVIIeveIy sereL INu JuuIiai enuy ieyumeu I ure aL ALLUUIL HEu. View transaction list 25 points Journal entry worksheet 1 eBook Record the entry to show the payment of amounts owed to governmental agencies. Hint Note: Enter deblts before credits. Date General Journal Debit Credit Roforences March 31 Record entry Clear entry View general journal Mc
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