The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits...

  
 
 

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The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the payroll registers, complete the General Journal entries as follows: February 7 rebruary 7 Journalize thn enployee pay. Journaliae the employer payroll tax for the Fehruary 7 pay period. tse 5.4 percent sUTA and 0. pereent FUTA. No enployees will exeeed the TUTA or SUTA wage bane. February 12 Iseue enployee pay. February 21 February 21 Journaliee the enployer payroll tax for the february 21 pay period. Use 5.4 pereent BUA and d.k peroent Journaliee the enployee pay. nt TUTA. No enployee vi11 esceed the TUTA or BUTA vage base. ances Tebruary 24 ue omployee pay. Tebruary 26 tenue paynens for payroll liabilities. Nareh 6 Journaline enployee pay. Journalire enployer payroll tax for the Mareh 6 pay period. Dse 5.4 percent BUZA and 0.6 percent FUTA. No enpleyees will exceed the FUTA or BUTA vage base. Iseue enployee pay. Jeurnaliee enployee pay. Journalise enployer payroll san for the Hareh 20 pay period. tee s.4 pereent BUTA and . percenk FUTA. No enpleyees vii exceed TUTA or SUTA wage base. 1asue enployee pay. Maroh 6 March 11 March 20 Harch 20 Harch 25 2. Post all journal entries to the appropriate General Ledger accounts. Account: Cash Account: Employee Federal Income Tax Payable Date Debit Credit Balance Date Debit Credit Balance 47,000.00 Account: Medicare Tax Payable Credit. Account: Social Security Tax Payable Balance Date Debit Balance Date Debit Credit Account: Employee State Income Tax Payable Account: 401() Contributions Payable Date Debit Credit Balance Date Debit Credit Balance Dok ant ances Account: Health insurance Payable Account: Salaries and Wages Payable Date Debit Credit Balance Date Debit Credit Balance Account: FUTA Tax Payable Account: SUTA Tax Payable Date Debit Credit Balance Date Debit Credit Balance Account: Salaries and Wages Expense Account: Payroll Taxes Expense Credit Date Debit Balance Date Debit Credit Balance The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: 1. Using the payroll registers, complete the General Journal entries as follows: February 7 rebruary 7 Journalize thn enployee pay. Journaliae the employer payroll tax for the Fehruary 7 pay period. tse 5.4 percent sUTA and 0. pereent FUTA. No enployees will exeeed the TUTA or SUTA wage bane. February 12 Iseue enployee pay. February 21 February 21 Journaliee the enployer payroll tax for the february 21 pay period. Use 5.4 pereent BUA and d.k peroent Journaliee the enployee pay. nt TUTA. No enployee vi11 esceed the TUTA or BUTA vage base. ances Tebruary 24 ue omployee pay. Tebruary 26 tenue paynens for payroll liabilities. Nareh 6 Journaline enployee pay. Journalire enployer payroll tax for the Mareh 6 pay period. Dse 5.4 percent BUZA and 0.6 percent FUTA. No enpleyees will exceed the FUTA or BUTA vage base. Iseue enployee pay. Jeurnaliee enployee pay. Journalise enployer payroll san for the Hareh 20 pay period. tee s.4 pereent BUTA and . percenk FUTA. No enpleyees vii exceed TUTA or SUTA wage base. 1asue enployee pay. Maroh 6 March 11 March 20 Harch 20 Harch 25 2. Post all journal entries to the appropriate General Ledger accounts. Account: Cash Account: Employee Federal Income Tax Payable Date Debit Credit Balance Date Debit Credit Balance 47,000.00 Account: Medicare Tax Payable Credit. Account: Social Security Tax Payable Balance Date Debit Balance Date Debit Credit Account: Employee State Income Tax Payable Account: 401() Contributions Payable Date Debit Credit Balance Date Debit Credit Balance Dok ant ances Account: Health insurance Payable Account: Salaries and Wages Payable Date Debit Credit Balance Date Debit Credit Balance Account: FUTA Tax Payable Account: SUTA Tax Payable Date Debit Credit Balance Date Debit Credit Balance Account: Salaries and Wages Expense Account: Payroll Taxes Expense Credit Date Debit Balance Date Debit Credit Balance

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1 General Journal Entries Date Account Titles Debit Credit 10Feb Salary and wages expense 441380 Fed... View the full answer