Ricardo's Mexican Restaurant incurred salaries expense of $ for The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $ is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance cost to the company, $ life insurance cost to the company, $ and retirement benefits cost to the company, of salaries expense Journalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required. Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.
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Begin with the entry to accrue Ricardo's employer payroll taxes.
tableDateAccounts and Explanation,Debit,Credit
Now record the accrual of Ricardo's employee benefit expenses.
tableDateAccounts and Explanation,Debit,Credit
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