Jason Chen owns a business called Chen Home Building. He does his banking at Citizens National Bank in Seattle, Washington. The amounts in his general ledger for payroll taxes and the employees' withholding of Social Security, Medicare, and federal income tax payable as of April 15 of the current year are as follows:

Social Security tax payable (includes both employer and employee)	$11,250
Medicare tax payable (includes both employer and employee)	2,625
FUTA tax payable	500
SUTA tax payable	4,170
Employee income tax payable	6,825

Journalize the quarterly payment of the employee federal income taxes and Social Security and Medicare taxes on April 15, 20--, and the payments of the FUTA and SUTA taxes on April 30, 20--.

 

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DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 1 20-- Apr. 15 Employee federal income tax payable v 1 Social Security tax payable 2 Medicare tax payable v 3 Cash v 4 4 Deposit of employee federal income tax and Social Security and Medicare taxes 6 FUTA tax payable v 7 30 7 Cash V 8 8 9. Paid FUTA tax 9. 10 10 SUTA tax payable v 11 30 11 Cash V 12 12 13 Paid SUTA tax 13 DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 1 20-- Apr. 15 Employee federal income tax payable v 1 Social Security tax payable 2 Medicare tax payable v 3 Cash v 4 4 Deposit of employee federal income tax and Social Security and Medicare taxes 6 FUTA tax payable v 7 30 7 Cash V 8 8 9. Paid FUTA tax 9. 10 10 SUTA tax payable v 11 30 11 Cash V 12 12 13 Paid SUTA tax 13

Answer rating: 100% (QA)

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