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please make neat and clear! Tell if amounts go under credit or debit. label decription for journal entry from chart account given in 3&4 photos.
please make neat and clear! Tell if amounts go under credit or debit. label decription for journal entry from chart account given in 3&4 photos. only ten journal entries
Instructions Urban Window Company had groas wages of $320,000 during the week ended July 15. The amount of wages subject to social security tax was 5320.000, while the amount of wages subject to federal and state unemployment taes was $40,000 Tax rates are as follows Social security Medicare 1.5% State unemployment 5.4% Federal unemployment The total amount withheld from employee wages for federal taes was $75.200 Required: A Joumalize he entry to record the payrol for the week of July 15 B Jounalize the entry to record the payrol taepense incumed for the week of July 15 "Refer to the Chart of Accounts for eract wording of account tes CHART OF ACCOUNTS Urban Window Company General Ledger REVENUE ASSETS 410 Sales 110 Cash 610 Interest Revenue 111 Accounts Receivable 112 Interest Receivable EXPENSES 113 Notes Receivable 510 Cost of Merchandise Sold 115 Merchandise Inventory 520 Wages Expense 116 Supplies 524 Depreciation Expense-Building 525 Delivery Expense 118 Prepaid Insurance 120 Land 526 Repairs Expense 529 Seling Expenses 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 531 Rent Expense 532 Depreciation Expense-Office Equipment 126 Accumulated Depreciation-Ofice Equipment 533 insurance Expense 534 Supplies Expense LIABILITIES 538 Payroll Tax Expense 210 Accounts Payable 538 Vacation Pay Expense 213 interest Payabie 537 Fension Epense 214 Notes Payce 536 Casn Shon and Over 216 Wages Payadie 216 Social Security Tax Payable 539 Product Warranty Expense 217 Medicare Tax Payable 540 Miscellaneous Expense 218 Employees Federal Income Tax Payable 710 Interest Exxpense 219 Employees State Income Tax Payable 221 Retirement Savings Deductions Payable 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Step by Step Solution
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