Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the journal entries for each of the following payroll transactions. Apr. 2 Paid $ 6 5 0 and $ 3 4 0 cash to

Record the journal entries for each of the following payroll transactions.
Apr. 2 Paid $650 and $340 cash to a federal depository for FICA Social Security and FICA Medicare, respectively
Apr. 4 Paid accumulated employee salaries of $15,220
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting

Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster

1st Edition

0130805475, 978-0130805478

More Books

Students also viewed these Accounting questions