Recording Payroll and Payroll Taxes

The following data are taken from Fremont Wholesale Company's May payroll:

Administrative salaries $$47,600$

Sales salaries $65,800$

Custodial salaries $9,800$

Total payroll $$123,200$

Salaries subject to $1\mathrm{.}45$ percent Medicare tax $$123,200$

Salaries subject to $6\mathrm{.}2$ percent Social Security tax $103,600$

Salaries subject to federal unemployment taxes $19,600$

Salaries subject to state unemployment taxes $28,000$

Federal income taxes withheld from all salaries $24,920$

Assume that the company is subject to a two percent state unemployment tax $($due to a favorable experience rating$)$ and a $0\mathrm{.}6$ percent federal unemployment tax.

Required

Record the following in general journal form on May $31$:

a$.$ Accrual of the monthly payroll.

b$.$ Payment of the net payroll.

c$.$ Accrual of employer's payroll taxes. $($Assume that the FICA matches the amount withheld.$)$

d$.$ Payment of these payroll$-$related liabilities. $($Assume that all are settled at the same time.$)$

Round your answers to the nearest dollar.

Part A

Part B

Part C

Part D

General Journal

Date Description Debit Credit

May $31$ Administrative Salaries Expense Answer

Answer

Sales Salaries Expense Answer

Answer

Answer

Answer

Answer

Federal Income Tax Withholding Payable Answer

Answer

FICA Tax Payable Answer

Answer

Answer

Answer

Answer

To record May payroll.