General Journal options:

1) Salaries expense

2) Income tax payable

3) Accounts payable

4) FICA tax payable

5) Payroll tax payable

6) Unemployment tax payable

7) Salaries payable

8 Cash

Transcribed Image Text:

During January, Deluxe Printing pays employee salaries of $.88 million. Withholdings in January are $77,000 for the employee portion of FICA, $220,000 for federal and state income tax, and $30,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $48,000 for federal and state unemployment tax and $20,000 for the employer portion of health insurance. 1. Record the employee salary expense, withholdings, and salaries payable. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) General Journal Date Jan. 31 Date Jan. 31 (Click to select) (Click to select) (Click to select) Date Jan. 31 (Click to select) (Click to select) 2. Record the employer-provided fringe benefits. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) (Click to select) (Click to select) (Click to select) General Journal (Click to select) (Click to select) Debit 3. Record the employer payroll taxes. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) General Journal Debit Credit Debit Credit Credit During January, Deluxe Printing pays employee salaries of $.88 million. Withholdings in January are $77,000 for the employee portion of FICA, $220,000 for federal and state income tax, and $30,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $48,000 for federal and state unemployment tax and $20,000 for the employer portion of health insurance. 1. Record the employee salary expense, withholdings, and salaries payable. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) General Journal Date Jan. 31 Date Jan. 31 (Click to select) (Click to select) (Click to select) Date Jan. 31 (Click to select) (Click to select) 2. Record the employer-provided fringe benefits. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) (Click to select) (Click to select) (Click to select) General Journal (Click to select) (Click to select) Debit 3. Record the employer payroll taxes. (Enter your answers in dollars, not in millions. Omit the "$" sign in your response.) General Journal Debit Credit Debit Credit Credit

Answer rating: 100% (QA)

1 To record the employee salary expense withholdings and salaries payabl... View the full answer