From the following T-accounts, record the following: (a) The July 3 payment for FICA (OASDI and Medicare)
Question:
From the following T-accounts, record the following:
(a) The July 3 payment for FICA (OASDI and Medicare) and federal income taxes,
(b) The July 30 payment of SUTA tax,
(c) The July 30 deposit of any FUTA tax that may berequired.
Transcribed Image Text:
FICA OASDI Payable 203 FICA Medicare Payable 204 une 30 450 (EE) 450 (ER) June 30 180 (EE) 180 (ER) FIT Payable 205 FUTA Tax Payable 206 June 30 3,007 June 30 142 SUTA Tax Payable 207 June 30 606
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
Jul 3 FICA OASDI Payable 9 0 0 00 FICAMe...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
From the following T accounts of Barry are Cleaning Service of Yarmouth. a. Record and foot the balances on the appropriate pages in the Study Guide with Working Papers. b. Prepare a trial balance...
-
From the following T accounts of Bill's Cleaning Service, (a) Foot and determine ending balances, (b) Prepare a trial balance in proper form for December 201X. Cash 111 Cleaning Fees Earned 411 (B)...
-
The following T accounts summarize entries made to selected general ledger accounts of Cooper & Company. Certain entries, dated December 31, are closing entries. Prepare the closing entries that were...
-
What are the side effects of the drugs that are used for treatment of Multiple Sclerosis attacks? Are cataracts a result of steroid use? Is osteoporosis a complication of Multiple Sclerosis?
-
Find the mode of the number of islands occupied. Consider two sets of ten islands. In the first set, each island has a 0.2 chance of switching from empty to occupied, and a 0.1 chance of switching...
-
Visit sites on the internet that offer (legal) downloadable music using MP3 or other compression formats. Consider the music business supply chain, (a) For the recordings of a well-known popular...
-
Figure 2.3 displays the frequency distribution from Example 2.5. Create a similar plot using ggplot () to display the relative frequency distribution for each treatment group instead of the frequency...
-
a. Segar Company budgets sales of $3,200,000, fixed costs of $700,000, and variable costs of $2,240,000. What is the contribution margin ratio for Segar Company? b. If the contribution margin ratio...
-
What strategies can leaders employ to cultivate a culture of collaboration that transcends geographical boundaries and time zones, especially within multinational corporations operating in diverse...
-
Assume that the network in Figure 20.34 (previous problem) uses distancevector routing with the forwarding table as shown for each node. If each node periodically announces their vectors to the...
-
The following payroll journal entry was prepared by Palmdale Company from its payroll register. Which columns of the payroll register have the data come from? How do the taxable earnings columns of...
-
For the biweekly pay period ending on April 10 at Evas Pet Store, the following partial payroll summary was taken from the individual employee earnings records. Use it to do the following: 1....
-
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $11,000 each, with the first payment occurring today, your child's 12th birthday....
-
Algebraically solve the equation for x: 2+1.2-4x+10 == 25z 2-3
-
Josie Is Buying A Samsung Refrigerator And With No Down Payment She Borrows $12000 To Finance The Purchase The Appliance. She Agrees To Repay By Making Equal Monthly Payments For 2 Years At 1.82%...
-
A car and a bus set out at 2 pm from the same spot, headed in the same direction. The average speed of the car is twice the average speed of the bus. After 2 hours, the car is 68 miles ahead of the...
-
Broussard Skateboard's sales are expected to increase by 20% from $8.4 million in 2019 to $10.08 million in 2020. Its assets totaled $5 million at the end of 2019. Broussard is already at full...
-
Rankin, the comptroller of Lazy, Inc. has been embezzling funds from his employer for many years, To date, he has taken almost $5,000,000. In view of the fact that Rankin will have to repay this to...
-
In the Research Highlight, what were the two major shifts in decisions that the research informed?
-
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
-
When thinking about the impact of FinTech, financial institutions should be thankful for regulation. Explain.
-
As the book keeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust indicating a balance of $5,820. The ending cheque book balance was $6,321. Prepare the bank...
-
Based on the account statement on page 349, (1) complete the bank reconciliation for Rick's Deli of Regina found on the reverse of the bank statement and (2) journalize the appropriate entries as...
-
From the following transactions, (1) record the entries as needed in the general journal of Merry Co. of Lennoxville as well as the auxiliary petty cash record and 2013 April 1 Issued cheque No. 4...
-
Inventory costs are most likely to be shown as which type of data
-
A company manufactures several products that originate in a joint process and are separated at a split-off point. Which one of the following methods of joint-cost allocation would allocate the same...
-
Concepts What is the difference between determining the break-even point in units and determining the required sales in units for a target net income? To determine the break-even point in units you...
Study smarter with the SolutionInn App