Showbiz Video completed the following payroll transactions during the first two weeks of December. Showbiz Video pays its employees on a biweekly basis (every two weeks).

Instructions 

In your working papers:

1. Record the December 13 transactions on page 38 in the general journal.

2. Post both payroll entries to the appropriate general ledger accounts.

3. Journalize and post the December 16 transactions.

Transcribed Image Text:

Date Transactions Dec. 13 Wrote Check 2206 to pay the payroll of $3,840.58 (gross earnings) for the pay period ending December 13. The following amounts were withheld: FICA taxes, $238.12 for social security and $55.69 for Medicare; employees' federal income taxes, $639.00; employees' state income taxes, $96.02; insurance premium, $21.00; U.S. savings bonds, $20.00. 13 Recorded the employer's payroll taxes (FICA tax rates, 6.2% for social security and 1.45% for Medicare; federal unemployment tax rate, 0.8%; state unemployment tax rate, 5.4%). No employee has reached the maximum taxable amount. Paid the amounts owed to the federal government for employees' federal income taxes and FICA taxes, Check 2215. 16 Purchased U.S. savings bonds for employees for $100.00, 16 Check 2216.