Transactions:

8/10/2018 Recorded Salaries and Wages expense accural for August 10 payroll. Employees will be paid on August 13. Prepare a compund entry for this transaction

8/10/2018 Recorded payroll taxes for the Aug. 10 payroll. Prepare a compound entry for this transaction

8/10/2018 Recorded employee benefits expense for Aug. 10 payroll. Prepare a compund entry for this transaction

8/13/2018 Paid employees from Aug. 10 payroll

8/15/2018 Paid all withholdings and employee payroll taxes related to Aug. 10 payroll. Prepare a compund entry for this transaction

Accounts:

dad319e5a94aae/problem/2/business/Generalournal/view 11. HoMEWORK PREVIOus 1 NEXT Problem 2: Payroll Problem Background: M & D Contractors has numerous employees who are paid on a weekly 1) Using the General Journal tab, click Add Transaction to basis. Payroll information for the most recent week ending August 10, journalize each transaction. Click Post Transaction once you 2018 is given below: Assignment: complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Total Employee compensation FICA social security tax rate FICA medicare tax rate $136,000 6.2% 1.45% Transactions: 08/10/2018 Recorded Salaries and Wages Expense accrual for the August 10 payrol. Employees will be paid on August 13. Prepare a compou entry for this transaction 08/10/2018 Recorded payroll taxes for the August 10 payroll. Prepare a compound entry for this transaction 08/10/2018 Recorded employee benefits expense for the August 10 payroll. Prepare a compound entry for this transaction. SAVE WORK RESET RESULTS SUBMIT WOR BUSINESs REPORTSs August 1, 2018-August 31, 2018 COMPANY INFORMATION CHART OF AccoUNTS GENERAL JOURNAL Date Accounts Debit No transactions in Journal dad319e5a94aae/problem/2/business/Generalournal/view 11. HoMEWORK PREVIOus 1 NEXT Problem 2: Payroll Problem Background: M & D Contractors has numerous employees who are paid on a weekly 1) Using the General Journal tab, click Add Transaction to basis. Payroll information for the most recent week ending August 10, journalize each transaction. Click Post Transaction once you 2018 is given below: Assignment: complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Total Employee compensation FICA social security tax rate FICA medicare tax rate $136,000 6.2% 1.45% Transactions: 08/10/2018 Recorded Salaries and Wages Expense accrual for the August 10 payrol. Employees will be paid on August 13. Prepare a compou entry for this transaction 08/10/2018 Recorded payroll taxes for the August 10 payroll. Prepare a compound entry for this transaction 08/10/2018 Recorded employee benefits expense for the August 10 payroll. Prepare a compound entry for this transaction. SAVE WORK RESET RESULTS SUBMIT WOR BUSINESs REPORTSs August 1, 2018-August 31, 2018 COMPANY INFORMATION CHART OF AccoUNTS GENERAL JOURNAL Date Accounts Debit No transactions in Journal