QS 9-12 (Algo) Accounting for vacations LO P4 Chavez Company's salaried employees eam four weeks' vacation per year Chavez estimated and must expense $6.700 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 1 of the next year when an employee takes a one-week vacation and is paid $650 cash for that week View transaction list Journal entry worksheet Record the vacation benefits accrued. Enton 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, $520,000; Office salaries, $104,000; Federal income taxes withheld, 5156,000: State Income taxes withheld. $35.000, Social security taxes withheld $38,688: Medicare taxes withheld $9,048 Medical Insurance premiums, $12.500. Life insurance premiums. $9,500; Union dues deducted. $6,500: and Salaries subject to unemployment taxes, $61.000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes ate 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 liabilities 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 0.6% Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 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 Paid by Premium Paid Premium Employees by Employees Premium Paid by Employer Employee Medical Insurance Payable Employee Life Insurance Payable Out General Journal Debit Credit Record journal entry for accrued payroll including employee deductions, for July July at Record the cash payment of sanes 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, 5520,000, Oflice salaries, $104,000, Federal income taxes withheld $156.000, State income taxes withheld $35,000, Social security taxes withheld $38,688, Medicare taxes withheld $9,048, Medical Insurance premiums. $12.500. Life Insurance premiums, $9,500, Union dues deducted, $6.500, and Salaries subject to unemployment taxes, 561000. 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 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. Roq and 2 Rega Reg 4 Using the above information, complete the below table. Amounts Subject Tac Rate Tax Amount State Unemployment Thales Payable Federal Unemployment Tes Payable The following monthly data are taken from Ramirez Company at July 31. Sales salaries, $520,000: Office salaries, $104,000. Federal income taxes withheld, $156,000, State income taxes withheld $35.000, Social security taxes withheld. $38.688. Medicare taxes withheld $9.048: Medical Insurance premiums. $12.500. Life Insurance premiums. $9,500. Union dues deducted. $6,500. and Salaries subject to unemployment taxes, 561,000. 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% 1.8 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. Req 1 and 2 Reg 3 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 Taxes (SUTA) are 5.4% und Federal Unemployment Taxes (FUTA) are 0.5%. Vine transaction ist Journal entry worksheet 1 2 3 Record all employer's payroll expenses and liabilities for the month of July et des before inedit General Journal Debut Credit Date July 31 Record entry Clearly View general journal