Question
The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the
The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the payroll registers, complete the General Journal entries as follows:
February 5 | Journalize the employee pay. |
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February 5 | Journalize the employer payroll tax for the February 5 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. |
February 10 | Issue the employee pay. |
February 19 | Journalize the employee pay. |
February 19 | Journalize the employer payroll tax for the February 19 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. |
February 24 | Issue the employee pay. Pay payroll taxes. |
February 24 | Issue the payment for payroll liabilities. |
March 5 | Journalize the employee pay. |
March 5 | Journalize the employer payroll tax for the March 5 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed the FUTA or SUTA wage base. |
March 10 | Issue the employee pay. |
March 19 | Journalize the employee pay. |
March 19 | Journalize the employer payroll tax for the March 19 pay period. Use 5.4 Percent SUTA and 0.6 Percent FUTA. No employees will exceed FUTA or SUTA wage base. |
March 24 | Issue the employee pay. |
March 24 | Issue the payment for payroll liabilities. |
1) Feb 05: Record the employee pay for February 05 pay date.
2) Feb 05: Record the employer payroll tax for the February 05 pay date. Use 5.4% SUTA and 0.6% FUTA.
3) Feb 10: Record the employees pay for the February 10 pay date.
4) Feb 19: Record the employee pay for February 19 pay date.
5) Feb 19: Record the employer payroll tax for the February 19 pay date. Use 5.4% SUTA and 0.6% FUTA.
6) Feb 24: Record the employees pay for the February 24 pay date.
PLEASE HELP WITH NUMBERS 2,5 AND 6! AND SHOW CALCULATIONS SO I CAN LEARN.
\begin{tabular}{|l|l|l|r|r|} \hline 2 & February 05 & Payroll taxes expense & 550.83 & \\ \hline & & Social security tax payable & & 222.39 \\ \hline & & Medicare tax payable & & 52.02 \\ \hline & & SUTA tax payable & & 248.78 \\ \hline & & FUTA tax payable & & 27.64 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|r|r|} \hline 5 & February 19 & Payroll taxes expense & \\ \hline & & Social security tax payable & & \\ \hline & & Medicare tax payable & & \\ \hline & & SUTA tax payable & & 118.03 \\ \hline & & FUTA tax payable & & 494.61 \\ \hline \end{tabular} Journal entry worksheet
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