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PLEASE HELP ! I need the journal entries, I know for sure the accounts names for each journal is right, but not sure about the

PLEASE HELP !
I need the journal entries, I know for sure the accounts names for each journal is right, but not sure about the actual numbers. (Disregard my numbers I have) image text in transcribed
image text in transcribed
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image text in transcribed
image text in transcribed
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Problem 9-6AA Entries for payroll transactions LO P2, P3, P5 Francisco Company has 20 employees, each of whom earns $3,200 per month and is paid on the last day of each month. All 20 have been employed ledger ly at this amount since January 1. On March 1, the following accounts and balances exist in its general a. FICA-Social Security Taxes Payable, $7,936; FICA-Medicare Taxes Payable, $1,856. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only) b. Employees' Federal Income Taxes Payable, $16,000 (liability for February only). c. Federal Unemployment Taxes Payable, $768 (liability for January and February together). d. State Unemployment Taxes Payable, $5,120 (liability for January and February together). During March and April, the company had the following payroll transactions Mar. 15 Issued check payable to Swift Bank, a federal depository bank authorized to accept employers' payments of FICA taxes and employee income tax withholdings. The $25,792 check is in payment of the February FICA and employee income taxes 31 Recorded the journal entry for the March salaries payable. Then recorded the cash payment of the March payroll (the company issued checks payable to each employee in payment of the March payrol1). The payroll register shows the following sumnary totals for the March pay period Salaries Federal office salaries $25,60 FICA Taxes Shop Salaries $38,400 Gross Pay 64,000 Net Taxes 3,96816,000 $43,104 $ 928 FICA taxes are Social Security and Medicare, respectively 31 Recorded the employer's payroll taxes resulting from the March payroll. The company has a merit rating that reduces its state unemployment tax rate to 4.00% of the first $7,000 paid each employee. The federal rate is 0.60%. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes 15 Issued check to the State Tax Commission for the 3anuary, February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees federal income tax withholdings for the first quarter Required Prepare journal entries to record the transactions and events for both March and April. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 6 Record the cash payment of FICA (employees' and employer's) and employee income taxes of the month of February Note: Enter debits before credits. Debit Credit Date Mar 15 ICA Social sec. taxes payable ICA-Medicare taxes payable mployee fed inc taxes payable 7,936 1,856 16,000 Cash 25,792 Clear entry Record entry View general journal Required: Prepare journal entries to record the transactions and events for both March and April. (lf no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 6 Record the (employee) payroll expenses and liabilities for the month of March Note: Enter debits before credits. Debit Credit Date General Journal 25,600 38,400 Mar 31 e salaries expense hop salaries expense 43,104 928 16,000 3,968 Salaries payable FICA- Medicare taxes payable Employee fed. inc. taxes payable FICA- Social sec. taxes payable Record entry Clear entry View general journal Required: Prepare journal entries to record the transactions and events for both March and April. (f no entry is required for a particula transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 6 8 Record the payment of payroll for March Note: Enter debits before credits. Date General Journal Debit Credit 43,104 Mar 31 alaries payable Cash 43,104 Clear entry Record entry View general journal Required: Prepare journal entries to record the transactions and events for both March and April. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the employer's payroll expenses and liabilities for the month of March Note: Enter debits before credits Date General Journal Debit Credit 7,840 Mar 31 ayroll taxes expense FICA-Social sec. taxes payable FICA-Medicare taxes payable Federal State 3.968 928 384 2,560 t taxes payable t taxes payable Record entry Clear entry View general journal Required: Prepare journal entries to record the transactions and events for both March and April. (If no entry is required for a particuler transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 0 Record the cash payment of FICA (employees' and employer's) and employee income taxes of the month of March. Note: Enter debits before credits. Debit Credit Date General Journal Apr 15 FICA-Medicare taxes payable ICA-Social sec. taxes payable mployee fed. inc. taxes payable Cash 16,000 25,792 Record entry Clear entry View general journal Required Prepare journal entries to record the transactions and events for both March and April. (If no entry is required for a particula transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 Record the cash payment of SUTA taxes for the months of January, February and March. Note: Enter debits before credits. Debit Credit Date General Journal Apr 15 State unemployment taxes payable Cash Record entry Clear entry View general journal Required: Prepare journal entries to record the transactions and events for both March and April (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 6 Record the cash payment of FUTA taxes for the first quarter of the year. Note: Enter debits before credits. General Journal Date Debit Credit Federal unemployment taxes payable Cash Apr 30 Record entry Clear entry View general journal Required: Prepare journal entries to record the transactions and events for both March and Apri (f no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 6 Record the filing of Form 941 to the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter Note: Enter debits before credits. Debit General Journal Date Credit No journal entry required Apr 30 Record entry Clear entry View general journal

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