Question: NEED HELP ASAP! time crunch!!! Instructions The total ine from Nix Company's payroll register for the week ended March 31, 20. is shown PAYROLL REGISTER






Instructions The total ine from Nix Company's payroll register for the week ended March 31, 20. is shown PAYROLL REGISTER FOR THE PERIOD ENDED March 1, 20 TAXABLE EARNINGS EARNING DEDUCTIONS PED SOC CUM SOC SIC EMPLOYEE MARIT NUMBER ALLOWANCES STATUS REGULAR OVERTIME TOTAL UE NAME UNEMPL COM TOTAL INC TAX MEDICARE HEALTH TAX INSUR sec TAX INSURO 11 Tuws 6,40000 100.00 6.500.000.000.00 5,000.00 50000 50000 41.00 1275 16500 200.00 Payroll that are imposed as follows: Social Security tax, 62%; Medicare tax 1.469, FUTAIN, O. and SUTA, 54% Required: ta pure the currai entry for payment or the payros on March 31, 20- 16. Pware the journal entry for the employers payroll taxes for the period ided March 31, 20 2 Mix Comory and the following tiwances in its peneral ledger buttore photo tovregurament (t) were made $2.500 Employee federal income tax payablo Sool Security tax payable 2,000 Instructions ny's payroll register for the week ended March 31,20 is shown. PAYROLL RENTER FOR THE PERIOD ENDED Marsh 31,20 TAXABLE EARNING LARNING DEDUCTIONS FED NOG MAROT CUM SOC SEC NET CK UNEMPL COMP LLOWANCES STATUS REGULAR OVERTIME TOTAL TOTAL SEC TAX TAX MEDICARE HEALTH LIFE TAK INSURINGUR OTHER 79,75 16500 200.00 TOTAL PAY NO 400.00 100.00 5.500.00 1.500.00 5,000.00 5.500.00 500.00 4100 1205.75 4214.25 21 pillows: Social Security tax, 6.2%, Medicate tax, 1.45%; FUTA tax, 0.6%; and SUTA tax, 6.4% utry for payment of this payroll on March 31, 20 utry for the employer's payroll taxes for the period ended March 31, 20 following balances in its general ledger before the entries for requirement) were made tax payable $2,500 Instructions Payroll taxes are imposed as follows Social Security tax, 6.2% Medicare tax 1.4549 FUTA IX 0.6%; and SUTAX 5,4% Required: 1. Prepare the journal entry for payment of this payroll on March 31, 20- 16. Prepare the joumal entry for the employer's payroll taxes for the period arded March 31, 20m 2. Mix Company Nad the following balances in its general ledger before the entries for requirement (1) were made Employee tederal income tax payable $2,500 Social Security tax payable 2,008 Medicare tax payable FUTA tax payable SUTA tax payable 4,510 470 520 1. Prepare the fouma entry for payment of the abilities for federal income taxes and Social Security and Medicare taxes on April 15, 20-4 b. Prepare the joumal entry for payment of the ability for FUTA tax on Aoni 30,20 c. Prepare the joumal entry for payment of the labory for SUTA FAX on April 30 20.- 3. Nox Company paid a premum of $420 for workers compensation insurance based on the estimated payroll as of the beginning of the year Based on actual payroll of the end of the your the premium is only $100. Prepare the adjusting entry to reflect the overpayment of the insurance premium af the end of the year (December 31, 20- General Journal to Prepare the journal entry for payment of this payroll on March 31, 20 10. Prepare the journey for the player payrollaves for the period ended March 3,20 General destructions NE GENERAL JOURNAL DATE ACCOUNT TITLE POST NEX DEBIT CHEDET General Journal 11 12 2. Nex Company had the following balances in its general ledger before the entries for requirement (1) were made $2,500 2,008 Employee federal income tax payable Social Security tax payable Medicare tax payablo FUTA tax payable SUTA tax payable 470 520 4,510 #. Prepare the journal entry for payment of the viabilities for federat income taxes and Social Security and Medicare taxes on Apr 15, 20 b. Prepare the joumat entry for payment of the ability for FUTA tax on April 30, 20- c. Prepare the journal entry for payment of the ability for SUTA tax on April 30, 2014 Be sure to consider the opening balances in the amounts paid | | | | | | | | General Journal Instructions General Journal PGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POSTRO DEO CREDIT 3. Mix Company paid a promum of 5420 for workers compensation insurance based on the estimated payroll as of the beginning of the year. Based on actual payroll as of the end of the year, the premium is only $400. Prepare the adjusting entry to redict the overpayment of the insurance premium at the end of the year (December 31, 20-) General Journal 3 3. Mix Company paid a premium of 420 for workers compensation insurance based on the estimated payrol as of the beginning of the year. Based on actual payroll as of the end of the year, the premium is ovy 5400. Prepare the adjusting entry to collect the overpayment or the insurance promlum at the end of the year (December 31, 20% PAGE GENERAL JOURNAL DATE ACCOUNT TITLE POSE RER DEBIT CREDIT
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