On June 30, 2016, the State Unemployment Tax Payableaccount in the general ledger of Alan Office Sup plies showed a balance of $2,148. This represents the SUTA tax owed for the second quarter of the year. On July 31, 2016, the business issued a check to the state unemployment insurance fund for the amount due. Record this payment in general journal form.Use 30 as the page number for the general journal.
Answer to relevant QuestionsOn January 31, Giovanni Accountancy Corp. prepared its Employer's Annual Federal Unemploy ment Tax Return, Form 940. During the previous year, the business paid total wages of $462,150 to its nineteen employees. Of this ...Certain transactions and procedures relating to federal and state unemployment taxes follow for Fashion Sense, a retail store owned by Nancy Roberts. The firm’s address is 2007 Trendsetter Lane, Dallas, TX 75268-0967. The ...1. Complete Form 940, the Employer’s Annual Federal Unemployment Tax Return. Assume that all wages have been paid and that all quarterly payments have been submitted to the state as required. The payroll information for ...On December 31, 2016, the Notes Payable account at Beth's Boutique Shop had a balance of $64,000. This amount represented funds borrowed on a six-month, 12 percent note from the firm's bank on December 1. Record the journal ...On June 1, 2016, Penelope Bermudez established her own advertising firm. Selected transactions for the first few days of June follow.DATE TRANSACTIONS2016June 1 Signed a lease for an office and issued Check 101 for $18,000 ...
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