Showbiz video completed the following payroll transactions during the first two weeks of Decemeber. Showbiz video...

  

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Showbiz video completed the following payroll transactions during the first two weeks of Decemeber. Showbiz video pays its employees on a bi-weekly basis. In the google termplate: 1. Record the December 13 transactions in the general journal 2. Post both payroll entries to the appropriate general ledger accounts 3. Journalize and post the December 16 transactions Date Transactions Dec. 13 Wrote Check 2206 to pay the payroll of 53,840.58 (gross earnings) for the pay period ending December 11. The following amounts were withheld FICA taxes, $238. 12 for social security and $55.69 for Medicare, employees' federal income taxes, 5639.00; employees' state income taxes, 596.02 insurance premium, 521.00; US. savings bonds, 520.00 Recorded the employer's payroll taxes (FICA tax rates, 6.2% for social security and 1.45% for Medicare federal unemployment tax rate, 0. state unemployment tax rate, 5.4N. No employee has reached the maximum taxable amount. 16 Paid the amounts owed to the federal government for ehployees' federal income taxes and FICA taxes, Check 2215 16 Purchased US. savings bonds for employees for S100.00 Check 2216. 16 Paid S148.00 to American Insurance Company for employes insurance, Check 2217 Deradit (An. fx Geneneral Jourmal A. EFGH K Page Account P Date Description Debit Credit 1. Date Descrip 3. 10 7. 8. 12 9. Account 10 14 11 Date Description 12 13 14 15 19 16 20 17 21 19 Account 23 20 Sheett 田 W Account Account Number Balance Port Date Description Debit Credit Debit Credit Ref 3. 51 7. Account Account Number 10 Balance 11 Date Description Debit Credit Debit Credit 12 13 14 15 16 17 18 19 Account Account Number 20 Balance Geneneral Journal E FGH M 10 7 1 8. 12 Account 13 10 14 11 Date 15 12 16 13 17 14 18 15 19 16 20 17 21 18 22 19 Account 23 20 24 21 Date 25 22 23 24 25 29 26 27 Sheett- Search the menus (Alt+) x Geneneral Journal 7. M N FGH 9. Accou 12 10 13 11 14 12 15 13 16 14 17 15 16 19 17 20 18 21 19 Account 22 25 20 21 22 Dat 24 25 23 24 25 26 27 28 29 27 26 25 30 Account Date Sheett - $ %.0 .00 123- Default (Ari. W. R. Account Number Account Balance Date Description Pout Ref Debit Credit Debit Credit 17 18 19 Account Account Number 20 Balance Date Description Debit Credit Debit Credit 21 22 23 24 25 26 27 28 Account Account Number 29 Balance Date Description Debit Credit Debit Credit Showbiz video completed the following payroll transactions during the first two weeks of Decemeber. Showbiz video pays its employees on a bi-weekly basis. In the google termplate: 1. Record the December 13 transactions in the general journal 2. Post both payroll entries to the appropriate general ledger accounts 3. Journalize and post the December 16 transactions Date Transactions Dec. 13 Wrote Check 2206 to pay the payroll of 53,840.58 (gross earnings) for the pay period ending December 11. The following amounts were withheld FICA taxes, $238. 12 for social security and $55.69 for Medicare, employees' federal income taxes, 5639.00; employees' state income taxes, 596.02 insurance premium, 521.00; US. savings bonds, 520.00 Recorded the employer's payroll taxes (FICA tax rates, 6.2% for social security and 1.45% for Medicare federal unemployment tax rate, 0. state unemployment tax rate, 5.4N. No employee has reached the maximum taxable amount. 16 Paid the amounts owed to the federal government for ehployees' federal income taxes and FICA taxes, Check 2215 16 Purchased US. savings bonds for employees for S100.00 Check 2216. 16 Paid S148.00 to American Insurance Company for employes insurance, Check 2217 Deradit (An. fx Geneneral Jourmal A. EFGH K Page Account P Date Description Debit Credit 1. Date Descrip 3. 10 7. 8. 12 9. Account 10 14 11 Date Description 12 13 14 15 19 16 20 17 21 19 Account 23 20 Sheett 田 W Account Account Number Balance Port Date Description Debit Credit Debit Credit Ref 3. 51 7. Account Account Number 10 Balance 11 Date Description Debit Credit Debit Credit 12 13 14 15 16 17 18 19 Account Account Number 20 Balance Geneneral Journal E FGH M 10 7 1 8. 12 Account 13 10 14 11 Date 15 12 16 13 17 14 18 15 19 16 20 17 21 18 22 19 Account 23 20 24 21 Date 25 22 23 24 25 29 26 27 Sheett- Search the menus (Alt+) x Geneneral Journal 7. M N FGH 9. Accou 12 10 13 11 14 12 15 13 16 14 17 15 16 19 17 20 18 21 19 Account 22 25 20 21 22 Dat 24 25 23 24 25 26 27 28 29 27 26 25 30 Account Date Sheett - $ %.0 .00 123- Default (Ari. W. R. Account Number Account Balance Date Description Pout Ref Debit Credit Debit Credit 17 18 19 Account Account Number 20 Balance Date Description Debit Credit Debit Credit 21 22 23 24 25 26 27 28 Account Account Number 29 Balance Date Description Debit Credit Debit Credit

Answer rating: 100% (QA)

1 Date Description Post ref Debit Credit Dec 13 Salaries expense 384058 Social security tax payable ... View the full answer