Assume the following totals for Roadkill Restaurant for the payroll quarter ended March 31, 2020: Gross...
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Assume the following totals for Roadkill Restaurant for the payroll quarter ended March 31, 2020: Gross earnings Employee FICA tax Federal income tax State income tax Employer FICA tax Federal unemployment tax State unemployment tax $70,000 $5,355 $13,000 $1,300 $5,355 $300 $2,700 If all taxes were paid on the same day (April 15), what entry does Roadkill make? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) April 15 Date Account Titles and Explanation Debit Credit Assume the following totals for Roadkill Restaurant for the payroll quarter ended March 31, 2020: Gross earnings Employee FICA tax Federal income tax State income tax Employer FICA tax Federal unemployment tax State unemployment tax $70,000 $5,355 $13,000 $1,300 $5,355 $300 $2,700 If all taxes were paid on the same day (April 15), what entry does Roadkill make? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) April 15 Date Account Titles and Explanation Debit Credit
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Date Account Titles and Explanations Debit Credit April 15 Gross Earnings 70000 Employee FICA Tax 53... View the full answer
Related Book For
Systems Analysis and Design in a Changing World
ISBN: 978-1305117204
7th edition
Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd
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