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Instructions Part A: Payment of the Wages, and the Payroli Taxes Part B: Payment of Wages Instructions Example 6-5 The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Debit Credit Wages Expense 24,762.70 FTCA Taxes Payable -OASDI FICA Taxes Payable HI FIT Payable SIT Payable Group Insurance Payments W/H Cash 1,535.29 359.06 3,714.00 55.25 54.70 19,044.40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Debit Credit Payroll Taxes 2,785.81 FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable 1,535.29 359.06 148.58 742.88 Instructions Part A: Payment of the Wages, and the Payroli Taxes Part B: Payment of Wages Instructions Example 6-5 The journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be: Debit Credit Wages Expense 24,762.70 FTCA Taxes Payable -OASDI FICA Taxes Payable HI FIT Payable SIT Payable Group Insurance Payments W/H Cash 1,535.29 359.06 3,714.00 55.25 54.70 19,044.40 Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 6-2 and 6-3 would be (assume a SUTA tax rate of 3.0%): Debit Credit Payroll Taxes 2,785.81 FICA Taxes Payable-OASDI FICA Taxes Payable-HI FUTA Taxes Payable SUTA Taxes Payable 1,535.29 359.06 148.58 742.88

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