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Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. 2 Paid $690
Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank.
Apr. 2 | Paid $690 and $310 cash to a federal depository for FICA Social Security and FICA Medicare, respectively. |
Apr. 4 | Paid accumulated employee salaries of $16,220. |
Apr. 11 | Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank. |
Apr. 14 | Paid cash to health insurance carrier for total outstanding health insurance liability of $800. |
Apr. 22 | Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively. |
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