Recording Payroll and Payroll Taxes

Beamon Corporation had the following payroll for April:

Officers' salaries $320,000 Sales salaries 670,000 Federal income taxes withheld 190,000 FICA taxes withheld 75,000 Health insurance premiums withheld 16,000 Union dues withheld 12,000 Salaries (included above) subject to federal unemployment taxes 550,000 Salaries (included above) subject to state unemployment taxes 600,000

Required

Prepare journal entries on April 30 to record:

a. Accrual of the monthly payroll.

b. Payment of the net payroll.

c. Accrual of employer's payroll taxes. (Assume that the FICA tax matches the amount withheld, the federal unemployment tax is 0.6 percent, and the state unemployment tax is 5.4 percent.)

d. Payment of all liabilities related to this payroll. (Assume that all are settled at the same time.)