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please make neat & clear. Use chart account for correct description and label amounts debit or credit. There are only 10 journal entries all information
please make neat & clear. Use chart account for correct description and label amounts debit or credit. There are only 10 journal entries
all information is on the photos read instructions 1st photo
Instructions Urban Window Company had gross wors of $320,000 during the weekended July 15. The amount of wages subject to social securty tax was $320.000, while the amount of wages subject to federal unemployment taxes was $40,000. Tax rates are as follows. gate Social security State remoloyment Federsi unemployment 0.6% The amount wheld from m y wages for Required Jumbo CHART OF ACCOUNTS Urban Window Company General Ledger REVENUE 410 Sales 810 Interest Revenue ASSETS 110 Cash 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115 Merchandise Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 120 Accumu ated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Sold 520 Wages Expense 524 Depreciation Expense-Building 525 Delivery Expense 528 Repairs Expense 529 Selling Ecoenses 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Insurance Expense 634 Supplies Expense 535 Payroll Tax Expense 538 Vacation Pay Expense 587 Pension Expense 538 Cash Short and Over LIABILITIES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 215 Wages Payable 539 Product Warranty Expense 540 Miscellaneous Expense 710 Interest Expense 218 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal Income Tax Payable 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 Uniunded Pension Liability 228 Product Warranty Payable EQUITY 310 Onner Capta 311 Owner Drawing 312 noome Summary Journal A Journalize the entry to record the payroll for the week of July 15. B. Joumalize the entry to record the payroll tax expense incurred for the week of July 15. "Refer to the Chart of Accounts for exact wording of account titles JOURNAL DESCRIPTION POST. RETT DEBT Step by Step Solution
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