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We're preparing the journal entries..I am pretty sure I have the categories right but am struggling with numbers. I also believe I have debits and
We're preparing the journal entries..I am pretty sure I have the categories right but am struggling with numbers. I also believe I have debits and credits labeled correct but need to know the numbers. I have the following:
For number 1
- Payroll taxes expense DR
- Fica CR
- Fica Medicare CR
For number 2:
- Employee Benefits expense DR
- Employee medical insurance payable CR
- Employee life insurance payable CR
For number 3:
- FICA SS taxes payable DR
- FICA medicare taxes payable DR
- Empyee federal income taxes payable DR
- Employee state income taxes payable DR
- Employee medical insurance payable DR
- Employee life insurance payable DR
- Employee union dues payable DR
- State unemployment taxes payable DR
- Federal unemployment taxes payable DR
- cash CR
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