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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.
Apr. 2
Apr. 4
Apr. 11
Apr. 14
III II 1II I1
1II II III II
Transcribed Image Text: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. Apr. 2 Apr. 4 Apr. 11 Apr. 14 III II 1II I1 1II II III II
Apr. 2
Apr. 4
Apr. 11
Apr. 14
Apr. 22
III II 1II I1 II
Transcribed Image Text:Apr. 2 Apr. 4 Apr. 11 Apr. 14 Apr. 22 III II 1II I1 II
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