Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 4 Journalize the employee pay. February 4 Journalize the employer payroll tax for the February 4 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 8 Issue the employee pay. February 18 Journalize the employee pay. February 18 Journalize the employer payroll tax for the February 18 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base. February 22 Issue the employee pay. February 22 Issue payment for the payroll liabilities. March 4 Journalize the employee pay. March 4 Journalize the employer payroll tax for the March 4 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No March employees will exceed the FUTA or SUTA wage base. March 18 Journalize the employee pay. March 18 Journalize the employer payroll tax for the March 18 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No March 23 employees will exceed the FUTA or SUTA wage base. March 23 Issue payment for the payroll liabilities. 2. Post all journal entries to the appropriate General Ledger accounts. This is Prevosti's payroll register for 02/18/2022 pay date. There is nothing to be completed on this tab. This is Prevosti's payroll register for 03/18/2022 pay date. There is nothing to be completed on this tab. Payroll Reqister For March 18 General Ledoer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started