DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Oct. 23 Administrative Salaries 51 2,307.69 Office Salaries 52 4,723.08 Sales Salaries 53 3,600.00 Plant Wages 54 5,219.60 FICA Taxes Payable - OASDI 20.1 982.72 FICA Taxes Payable - HI 20.2 229.84 Employees FIT Payable 24 871.00 Employees SIT Payable 25 486.63 Employees SUTA Payable 25.1 9.50 Employees CIT Payable 26 613.60 Group Insurance Premiums Collected 27 182.10 Union Dues Payable 28 16.00 Payroll Cash 12 12,458.98 23 Payroll Taxes 56 1,395.19 FICA Taxes Payable - OASDI 20.1 982.72 FICA Taxes Payable - HI 20.2 229.83 FUTA Taxes Payable 21 3.72 SUTA Taxes Payable - Employer 22 178.92 Nov. 4 Employees SIT Payable 25 486.63 Cash 11 486.63 6 Union Dues Payable 28 32.00 Cash 11 32.00 1.OCTOBER 23 PAYDAY: What is the total amount of group insurance withheld for all employees? 2.OCTOBER 23 PAYDAY: What is the amount of the credit to SUTA Taxes Payable—Employer? 3.OCTOBER 23 PAYDAY: What is the balance of FICA Taxes Payable—OASDI? 4.OCTOBER 23 PAYDAY: What is the balance of Union Dues withheld for the employees?
DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Oct. 23 Administrative Salaries 51 2,307.69 Office Salaries 52 4,723.08 Sales Salaries 53 3,600.00 Plant Wages 54 5,219.60 FICA Taxes Payable - OASDI 20.1 982.72 FICA Taxes Payable - HI 20.2 229.84 Employees FIT Payable 24 871.00 Employees SIT Payable 25 486.63 Employees SUTA Payable 25.1 9.50 Employees CIT Payable 26 613.60 Group Insurance Premiums Collected 27 182.10 Union Dues Payable 28 16.00 Payroll Cash 12 12,458.98 23 Payroll Taxes 56 1,395.19 FICA Taxes Payable - OASDI 20.1 982.72 FICA Taxes Payable - HI 20.2 229.83 FUTA Taxes Payable 21 3.72 SUTA Taxes Payable - Employer 22 178.92 Nov. 4 Employees SIT Payable 25 486.63 Cash 11 486.63 6 Union Dues Payable 28 32.00 Cash 11 32.00 1.OCTOBER 23 PAYDAY: What is the total amount of group insurance withheld for all employees? 2.OCTOBER 23 PAYDAY: What is the amount of the credit to SUTA Taxes Payable—Employer? 3.OCTOBER 23 PAYDAY: What is the balance of FICA Taxes Payable—OASDI? 4.OCTOBER 23 PAYDAY: What is the balance of Union Dues withheld for the employees?
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.2: Recording Employer Payroll Taxes
Problem 1OYO
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JOURNAL | Page 42 | ||||
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
20-- | |||||
Oct. | 23 | Administrative Salaries | 51 | 2,307.69 | |
Office Salaries | 52 | 4,723.08 | |||
Sales Salaries | 53 | 3,600.00 | |||
Plant Wages | 54 | 5,219.60 | |||
FICA Taxes Payable - OASDI | 20.1 | 982.72 | |||
FICA Taxes Payable - HI | 20.2 | 229.84 | |||
Employees FIT Payable | 24 | 871.00 | |||
Employees SIT Payable | 25 | 486.63 | |||
Employees SUTA Payable | 25.1 | 9.50 | |||
Employees CIT Payable | 26 | 613.60 | |||
Group Insurance Premiums Collected | 27 | 182.10 | |||
Union Dues Payable | 28 | 16.00 | |||
Payroll Cash | 12 | 12,458.98 | |||
23 | Payroll Taxes | 56 | 1,395.19 | ||
FICA Taxes Payable - OASDI | 20.1 | 982.72 | |||
FICA Taxes Payable - HI | 20.2 | 229.83 | |||
FUTA Taxes Payable | 21 | 3.72 | |||
SUTA Taxes Payable - Employer | 22 | 178.92 | |||
Nov. | 4 | Employees SIT Payable | 25 | 486.63 | |
Cash | 11 | 486.63 | |||
6 | Union Dues Payable | 28 | 32.00 | ||
Cash | 11 | 32.00 | |||
1.OCTOBER 23 PAYDAY:
What is the total amount of group insurance withheld for all employees?
2.OCTOBER 23 PAYDAY:
What is the amount of the credit to SUTA Taxes Payable—Employer?
3.OCTOBER 23 PAYDAY:
What is the balance of FICA Taxes Payable—OASDI?
4.OCTOBER 23 PAYDAY:
What is the balance of Union Dues withheld for the employees?
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