Question: How would these journal entries look? You do not need to provide the amounts, just the accounts. December 15: Deposited with City Bank the amount

How would these journal entries look? You do not need to provide the amounts, just the accounts.

December 15: Deposited with City Bank the amount of FICA taxes and federal income taxes for the November payrolls. Pay the balance in the two FICA Taxes Payable accounts (19 and 20) and Employees FIT Payable (24) as of the end of November.

December 15: Deposited the city of Philadelphia employees withheld income tax with the Department of Revenue for the November payrolls (see the Employees CIT Payable account balance in the general ledger report as of the end of November).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I need help answering this question. 3. Prepare the February 15 entry to deposit the January FICA taxes et 4. Prepare the April 25 entry to deposit the FUTA tax for the first quartet ad employee...

The Albright Company pays its employees semimonthly. Payroll tax rates for the employer are the standard ones, including a SUTA rate of 3.0%. The balances of certain payroll-related accounts are as...

The scenario: At the start of the year beginning January 1, 2013, Coco Citys General Fund had a cash balance of $ 40,000, vouchers payable of $ 35,000, and unassigned fund balance of $ 5,000. There...

Narrative and Instructions Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of Illinois, with an authorized...

Question:Thank in advance DECEMBER 4 PAYROLL : Payroll Register What is the net pay for Joseph T. O'Neill? What is the amount of OASDI withheld for Norman A. Ryan? What is the total net pay for all...

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

assistant, who maintains the payroll records, provides you with the payroll summary from which you prepare general journal entries to record the biweekly payroll and the employer's taxes on the...

Department of Economics University of Barisal First year first semester, Session: 2019-2020, Mid Term + Class Test Course Code: ECON-107, Course title: Introduction to computer Time: 60 minutes...

What does it mean for a service firm to outsource some of its services?

According to our authors, please define and describe the responsibilities of a CPA? Provide examples.

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

5-8 What are the advantages and disadvantages of the BYOD movement?

3. How do the concepts of capacity planning, scalability, and TCO apply to this case? Apply these concepts both to Amazon and to subscribers of its services. Cloud computing is taking off. The...

5-14 What are the advantages and disadvantages of allowing employees to use their personal smartphones for work? Just about everyone who has a smartphone wants to be able to bring it to work and use...