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Question Content Area Sid's Grocery Store has 100 employees who earn a wage of $18.75...

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Question

Accounting

Question Content Area

Sid's Grocery Store has 100 employees who earn a wage of $18.75 per hour. Each of Sid's employees has worked a total of 160 hours over the month of July. At the time of recording July's monthly payroll, the following amounts have been withheld:

Federal income tax $30,000
State income tax 8,000
Social Security 18,600
Medicare 4,350
Charitable contributions 1% of gross pay
Union dues 1% of gross pay

Also, the unemployment tax rate is 2% and applies to all but $30,000 of the gross payroll.

Required:

Question Content Area

1. What is the amount of net pay recorded by Sid's? $fill in the blank 3e87faf86ff905c_1

Question Content Area

2. Make the journal entries to record the payroll. If an amount box does not require an entry, leave it blank.

blank Charitable Contributions PayableFederal Income Taxes Withholding PayableSocial Security Taxes Payable (Employee)State Income Taxes Withholding PayableWages ExpenseWages Expense Wages Expense Wages Expense
Accounts ReceivableFederal Income Taxes ExpenseFederal Income Taxes Withholding PayableFederal Unemployment Taxes ExpenseWages PayableFederal Income Taxes Withholding Payable Federal Income Taxes Withholding Payable Federal Income Taxes Withholding Payable
Accounts PayableFederal Unemployment Taxes PayableState Income Taxes ExpenseState Income Taxes Withholding PayableWages ExpenseState Income Taxes Withholding Payable State Income Taxes Withholding Payable State Income Taxes Withholding Payable
Interest ExpenseNotes ReceivableSocial Security Taxes ExpenseSocial Security Taxes Payable (Employee)Wages PayableSocial Security Taxes Payable (Employee) Social Security Taxes Payable (Employee) Social Security Taxes Payable (Employee)
Accounts PayableMedicare Taxes ExpenseMedicare Taxes Payable (Employee)Social Security Taxes ExpenseWages ExpenseMedicare Taxes Payable (Employee) Medicare Taxes Payable (Employee) Medicare Taxes Payable (Employee)
Accounts ReceivableCharitable Contributions PayableInterest PayableSocial Security Taxes ExpenseWages ExpenseCharitable Contributions Payable Charitable Contributions Payable Charitable Contributions Payable
Accounts ReceivableFederal Unemployment Taxes ExpenseSocial Security Taxes ExpenseUnion Dues PayableWages PayableUnion Dues Payable Union Dues Payable Union Dues Payable
CashFederal Unemployment Taxes PayableSocial Security Taxes ExpenseWages ExpenseWages PayableWages Payable Wages Payable Wages Payable
(Record wages and liabilities)
blank Accounts PayableCashFederal Unemployment Taxes ExpenseFederal Unemployment Taxes PayableWages PayableFederal Unemployment Taxes Expense Federal Unemployment Taxes Expense Federal Unemployment Taxes Expense
Accounts ReceivableSocial Security Taxes ExpenseSocial Security Taxes Payable (Employer)State Income Taxes Withholding PayableWages ExpenseSocial Security Taxes Payable (Employer) Social Security Taxes Payable (Employer) Social Security Taxes Payable (Employer)
CashFederal Income Taxes Withholding PayableMedicare Taxes ExpenseMedicare Taxes Payable (Employer)Wages ExpenseMedicare Taxes Payable (Employer) Medicare Taxes Payable (Employer) Medicare Taxes Payable (Employer)
Accounts PayableFederal Income Taxes ExpenseFederal Unemployment Taxes ExpenseFederal Unemployment Taxes PayableState Income Taxes Withholding PayableFederal Unemployment Taxes Payable Federal Unemployment Taxes Payable Federal Unemployment Taxes Payable
CashSocial Security Taxes ExpenseSocial Security Taxes Payable (Employer)State Income Taxes ExpenseWages Payable - Select - - Select -
Accounts ReceivableMedicare Taxes ExpenseMedicare Taxes Payable (Employer)Union Dues PayableWages Expense - Select - - Select -
(Record employer payroll taxes)
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