Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. Paid $700 and $310 cash to a federal depository for 2 FICA Social Security and FICA Medicare, respectively. Apr. Paid accumulated employee salaries of $16,220. 4 Apr. Issued checks in the amounts of $480 for federal 11 income tax and $300 for state income tax to an IRS- approved bank. Apr. Paid cash to health insurance carrier for total 14 outstanding health insurance liability of $700. Apr. Remitted cash payments for FUTA and SUTA to federal 22 and state unemployment agencies in the amounts of $130 and $250, respectively.
Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. Paid $700 and $310 cash to a federal depository for 2 FICA Social Security and FICA Medicare, respectively. Apr. Paid accumulated employee salaries of $16,220. 4 Apr. Issued checks in the amounts of $480 for federal 11 income tax and $300 for state income tax to an IRS- approved bank. Apr. Paid cash to health insurance carrier for total 14 outstanding health insurance liability of $700. Apr. Remitted cash payments for FUTA and SUTA to federal 22 and state unemployment agencies in the amounts of $130 and $250, respectively.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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