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QS 9-11 (Algo) Accounting for bonuses LO P4 Noura Company offers an annual bonus to employees to be shared equally if the company meets certain

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QS 9-11 (Algo) Accounting for bonuses LO P4 Noura Company offers an annual bonus to employees to be shared equally if the company meets certain net income goals. Prepare the journal entry to record a $19,000 bonus owed (but not yet paid) to its workers at calendar year-end View transactions Journal entry worksheet Record the expected bonus cost Notes General Journal Debut Credit December 31 Record entry Clear entry View general journal QS 9-12 (Algo) Accounting for vacations LO P4 Chavez company's salaried employees earn four weeks' vacation per year. Chavez estimated and must expense 56.900 of accrued Vacation benefits for the year (a) Prepare the December 31 year end adjusting entry for accrued vacation benefits (b) Prepare the entry on April of the next year when an employee takes a one-week Vacation and is paid $600 cash for the week. View transaction but Journal entry worksheet B Record the vacation benefits accrued. Weiterbilt before credite Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal The following monthly data are taken from Ramirez Company at July 31. Sales salaries, $640,000. Office salaries, $128,000. Federal income taxes withheld. 5192.000: State income taxes withheld $43.000, Social security taxes withheld. $47.616: Medicare taxes withheld, $11,136, Medical insurance premiums. $15.500. Life Insurance premiums. $12,500: Union dues deducted. $9.500, and Salaries subject to unemployment taxes. $67.000 The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% 1.6 2. Using the above information complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July 3. Using the above information, complete the below table 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Complete this question by entering your answers in the tabs below. Reg 1 and 2 Rega Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll including employee deductions, and cash payment of the net payroll (salaries payable) for July Total 56 Paid by Premium Paid Premium Employees by Employees Premium Paid by Employer Employee Medical Insurance Payable Employee Life Insurance Payable Da General Journal Debit Credit Record journal entry for scored payroll, including employee deductions for July July 31 Record the cash payment of salaries July 31 Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31 Sales salaries. $640,000, Office salaries, $128.000; Federal Income taxes withheld, 5192.000. State income taxes withheld $43,000: Social security taxes withheld, $47616, Medicare taxes withheld $11.36 Medical Insurance premiums, $15,500: Lire insurance premiums, $12,500, Union dues deducted, 59.500, and Salaries subject to unemployment taxes. $67.000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% 1. & 2. Using the above information complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July 3. Using the above information, complete the below table 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all abilities related to the July payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 54% and FUTA taxes are 06% Complete this question by entering your answers in the tabs below. Lenos Reg 1 and 2 Reo Peg 4 Using the above information, complete the below table. Amounts Subject lo Tas Tax Rate Tax Amount State Unemployment Taras Payable Federal Unemployment Tes Payable The following monthly data are taken from Ramirez Company at July 31 Sales salaries, 5640,000: Office salaries, $128,000, Federal income taxes withheld. $192.000: State income taxes withheld, 543,000. Social security taxes withheld, 547,616, Medicare taxes withheld 511136, Medical insurance premiums: $15,500. Life insurance premiums, $12,500: Union dues deducted. $9,500, and Salaries subject to unemployment taxes, 567.000. The employee pays 40% of medical and life insurance premiums. Assume that FICA toes are identical to those on employees and that SUTA taxes are 54% and FUTA taxes are 0.6% 1. & 2. Using the above information, complete the below table and prepare the journal entries to record accrued payroll Including employee deductions, and cash payment of the net payroll (salaries payable) for July 3. Using the above information complete the below table 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all abilities related to the July payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Complete this question by entering your answers in the tabs below. Reg and 2 Red Reg4 Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that state Unemployment Tes (SUTA) are 5.4% and Federal Unemployment Taxes (FUTA) are 0.6% View transaction list Journal entry worksheet 1 2. 3 Record all employer's payroll expenses and liabilities for the month of July. Noters Cros General Journal Debut Credit Date July 31 Record entry Clear entry View general al

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