Problem 9-6AA Entries for payroll transactions LO P5 b. Employees' Federal Income Taxes Payable, $13,000...
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Problem 9-6AA Entries for payroll transactions LO P5 b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January, February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet 2345678> Record the cash payment of FICA (employees' and employer's) and employee income taxes of the month of February. Note: Enter debits before credits. b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Note: Enter debits before credits. b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FlCA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Switt Bank in payment of the employer's FUTA taxes for the first quarter of the year 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Note: Enter debits before credits. b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together) d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Switt Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet \begin{tabular}{llll|l|lll} 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \end{tabular}> Record the cash payment of FICA. (employees' and employer's) and employee income taxes of the month of March. Note: Enter debits before credits. Problem 9-6AA Entries for payroll transactions LO P5 b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes 15 Issued check to the State Tax Commission for the January, February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Note: Enter debits before credits. Problem 9-6AA Entries for payroll transactions LO P5 b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together) d. State Unemployment Taxes Payable, $5,616 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Switt Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Swift Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Note: Enter debits before credits. Problem 9-6AA Entries for payroll transactions LO P5 b. Employees' Federal Income Taxes Payable, $13,000 (liability for February only). c. Federal Unemployment Taxes Payable, $624 (liability for January and February together). The company had the following payroll transactions. * FICA taxes are Social Security and Medicare, respectively. Apr. 15 Issued check to Swift Bank in payment of the March FICA and employee income taxes. 15 Issued check to the State Tax Commission for the January. February, and March state unemployment taxes. Filed the check and the first-quarter tax return with the Commission. 30 Issued check payable to Switt Bank in payment of the employer's FUTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Required: Prepare journal entries to record these transactions and events. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet 12345678 Record the filing of Form 941 with the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter. Note: Enter debits before credits
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