please help me answer my last homework question asap please!
following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: \begin{tabular}{|c|c|c|c|} \hline Social security & 6% & State unemployment (employer only) & 5.4% \\ \hline Medicare & 1.5% & Federal unemployment (employer only) & 0.8% \\ \hline \end{tabular} Required: 1. Assuming that the payroll for the last week of the year is to be paid on December 31 , journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a. December 30 , to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31 . Of the total payroll for the last week of the year, $32,000 is subject to unemployment compensation taxes. 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a. On page 11 of the journal: December 30, to record the payroll. b. On page 12 of the journal: January 5 , to record the employer's payroll taxes on the payroll to be paid on January 5 . Since it is a new fiscal year, all $667,000 in salaries is subject to unemployment compensation taxes. Scroll down to access additional pages of the journal. 1. Assuming that the payroll for the last week of the year is to be paid on December 31 , journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a. December 30 , to record the payroll. b. December 30 , to record the employer's payroll taxes on the payroll to be paid on December 31 . Of the total payroll for the last week of the year, $32,000 is subject to unemployment compensation taxes. Journal Chart of Accounts ! Journal HW Ch. 10 Print Item Entries for payroll and payroll taxes Instructions Chart of Accounts ! Journal Journal Shaded cells have feedback. X Check My Work 2. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the following entries (refer to the Chart of Accounts for exact wording of account titles): a. On page 11 of the journal: December 30 , to record the payroll. b. On page 12 of the journal: January 5 , to record the employer's payroll taxes on the payroll to be paid on January 5 . Since it is a new fiscal year, all $667,000 in salaries is subject to unemployment compensation taxes. HW Ch. 10 Print Item Entries for payroll and payroll taxes Journal Shaded cells have feedback. Check My Work Previous Next HW Ch. 10 Entries for payroll and payroll taxes Instructions Chart of Accounts I Journal Journal Shaded cells have feedback. X How does grading work? Check My Work Previous Next
