Pigeon Forge Adventures offers its employees the option of contributing up to 5% of their salarles to a voluntary retirement plan, with the employer matching their contribution. The company also pays 100\% of medical and life insurance premlums. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the first biweekly payroll period ending February 14 is listed below. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes Record the necessary entry for the scenarios given above. (II no entry is required for a transaction/event, seiect "No Journal Entry Pequired in the first occount field.) Journal entry worksheet 3 Record the empioyee salary expense, wathholfings, and salaries payable. Problem 8-4A (Algo) Record payroll (LO8-3) Pigeon Forge Adventures offers its employees the option of contributing up to 5% of their salaries to a voluntary retirement pian, with the employer matching their contribution. The company also pays 100% of medical and life insurance premlums. Assume that no. employee's cumulative wages exceed the relevant wage bases. Payroll information for the first blweekfy payroll period ending February 14 is listed below: Required: 1. Record the employee salary expense, withhoidings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. Record the necessary entry for the scenarios given above. (if no entry is required for a transaction/event, select "No Journal Entry Required" In the firat account fieid.) Journal entry worksheet 3 Pecord the employer-provided fringe benefits. Problem 8-4A (Algo) Record payroll (LO8-3) Pgeon Forge Adventures offers its employees the option of contulbuting up to 5% of their salaries to a voluntary ietirement plan, with he employer matching their contribution. The company also pays 100% of medical and life insurance premlums Assume that no empioyee's cumulative wages exceed the relevant wage bases. Payroll information for the first blweekly payroll period ending february 14 is listed below. Nequirea: 1. Record the employee salary expense, withholdings, and salaries payable. 2 Record the empioyer-provided fringe benefits: 3. Record the employer payroll taxes. Record the necessary entry for the scenarios given above uf no entry is required for a trensectionievent, weiect Wo Joumal Entry. Required In the firat account field.). Journal entry worksheet Pigeon Forge Adventures offers its employees the option of contributing up to 5% of their salarles to a voluntary retirement plan, with the employer matching their contribution. The company also pays 100\% of medical and life insurance premlums. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the first biweekly payroll period ending February 14 is listed below. Required: 1. Record the employee salary expense, withholdings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes Record the necessary entry for the scenarios given above. (II no entry is required for a transaction/event, seiect "No Journal Entry Pequired in the first occount field.) Journal entry worksheet 3 Record the empioyee salary expense, wathholfings, and salaries payable. Problem 8-4A (Algo) Record payroll (LO8-3) Pigeon Forge Adventures offers its employees the option of contributing up to 5% of their salaries to a voluntary retirement pian, with the employer matching their contribution. The company also pays 100% of medical and life insurance premlums. Assume that no. employee's cumulative wages exceed the relevant wage bases. Payroll information for the first blweekfy payroll period ending February 14 is listed below: Required: 1. Record the employee salary expense, withhoidings, and salaries payable. 2. Record the employer-provided fringe benefits. 3. Record the employer payroll taxes. Record the necessary entry for the scenarios given above. (if no entry is required for a transaction/event, select "No Journal Entry Required" In the firat account fieid.) Journal entry worksheet 3 Pecord the employer-provided fringe benefits. Problem 8-4A (Algo) Record payroll (LO8-3) Pgeon Forge Adventures offers its employees the option of contulbuting up to 5% of their salaries to a voluntary ietirement plan, with he employer matching their contribution. The company also pays 100% of medical and life insurance premlums Assume that no empioyee's cumulative wages exceed the relevant wage bases. Payroll information for the first blweekly payroll period ending february 14 is listed below. Nequirea: 1. Record the employee salary expense, withholdings, and salaries payable. 2 Record the empioyer-provided fringe benefits: 3. Record the employer payroll taxes. Record the necessary entry for the scenarios given above uf no entry is required for a trensectionievent, weiect Wo Joumal Entry. Required In the firat account field.). Journal entry worksheet
