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D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2

D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Only Exercise 10-11 ,thank you!
10. Net amount Paiu Accounts debited: $ 285,000 11. Factory Wages 12. Sales Salaries 120,000 13. Office Salaries a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subiect to 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. Va. $9,800 a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%. federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. SHOW ME HOW EXCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2 SHOW ME HOW Salaries $615,000 Federal income tax withheld 165,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries. a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
Transcribed Image Text:10. Net amount Paiu Accounts debited: $ 285,000 11. Factory Wages 12. Sales Salaries 120,000 13. Office Salaries a. Calculate the amounts omitted in lines (1), (3), (8), and (12). b. Journalize the entry to record the payroll accrual. C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subiect to 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. Va. $9,800 a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%. federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. SHOW ME HOW EXCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2 SHOW ME HOW Salaries $615,000 Federal income tax withheld 165,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries. a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
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