Question: That is the full question. If you dont know what youre doing please dont attempt. I need a step by step breakdown on how to

 That is the full question. If you dont know what youre

That is the full question. If you dont know what youre doing please dont attempt. I need a step by step breakdown on how to do the work.

Problem 9-6A A Entries for payroll transactions P5 Francisco Compam bas 10 empiorses, each of whom earas 52,300 per month and is paid ou the last day of each moeth. All 10 bave beea emploged continuously at thic amount since January 1. On March I, the following accounts and balances ecist in its geaecal ledget. a. FICA-Social Security Taxes Pquble, \$3,472, FICA-Medicare Taxes Payable, \$B12. (The balances of thece accounts represent total Eabilitics for bunh the empioyer's and employees' FICA taws for the February peryotl cenly.) b. Fmployees' Federat Iscome Texes Payghte, \$4,000 (tiabodity for Februery conly). e. Fedecal Unemplogment Iaves Payable, $335 (liability for Jimuary and February toether). d. State Unemployment Taues Pavabie, \$3,024 (liajdity for Jamairy and Februiry together). The company had the sotlowing payrotl trancactions. Mar. 15 Issoed check payabie to Swift Benk, a federat depository berk fothorised to accepe employers' gayments of FICA taxes and employec income tax mithboldiags. The \$8,284 checi is in payment of the February FICA and emptoyee iecome tases. 31 Reconded the journal entry for the March salaries payvble. Then recorded the carh payment of the March pajroll (the compuny issued checks payable to each scaployee in payment of the March payroll). The puroll register ahows the following sumary tocals for the March pay period. 31 Recorded the employer's payroll taxes resulting from the March payroll. The company has a state unemploymeat tax rate of 5.4% on the flrg $7,000 paid to eact employve. The federat rate is 0.6% Apr. 15 Issued check to Swift Bark in pasment of the March FICA and employee income taxes. 15 Issued checis to the State Tar Commiosion for the Januery, Februar), and March state nnempiormeat tates. Filed the check and the first-quarter tax retarn with the Commissicn. 30 Issued check payable to Snitt Bank in payment of the employer's FLTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the empiojees federal incoene tax aithboldirgs for the lirst quarter. Required Prepare journal entries to secord these trancactions and events. Problem 9-6A A Entries for payroll transactions P5 Francisco Compam bas 10 empiorses, each of whom earas 52,300 per month and is paid ou the last day of each moeth. All 10 bave beea emploged continuously at thic amount since January 1. On March I, the following accounts and balances ecist in its geaecal ledget. a. FICA-Social Security Taxes Pquble, \$3,472, FICA-Medicare Taxes Payable, \$B12. (The balances of thece accounts represent total Eabilitics for bunh the empioyer's and employees' FICA taws for the February peryotl cenly.) b. Fmployees' Federat Iscome Texes Payghte, \$4,000 (tiabodity for Februery conly). e. Fedecal Unemplogment Iaves Payable, $335 (liability for Jimuary and February toether). d. State Unemployment Taues Pavabie, \$3,024 (liajdity for Jamairy and Februiry together). The company had the sotlowing payrotl trancactions. Mar. 15 Issoed check payabie to Swift Benk, a federat depository berk fothorised to accepe employers' gayments of FICA taxes and employec income tax mithboldiags. The \$8,284 checi is in payment of the February FICA and emptoyee iecome tases. 31 Reconded the journal entry for the March salaries payvble. Then recorded the carh payment of the March pajroll (the compuny issued checks payable to each scaployee in payment of the March payroll). The puroll register ahows the following sumary tocals for the March pay period. 31 Recorded the employer's payroll taxes resulting from the March payroll. The company has a state unemploymeat tax rate of 5.4% on the flrg $7,000 paid to eact employve. The federat rate is 0.6% Apr. 15 Issued check to Swift Bark in pasment of the March FICA and employee income taxes. 15 Issued checis to the State Tar Commiosion for the Januery, Februar), and March state nnempiormeat tates. Filed the check and the first-quarter tax retarn with the Commissicn. 30 Issued check payable to Snitt Bank in payment of the employer's FLTA taxes for the first quarter of the year. 30 Filed Form 941 with the IRS, reporting the FICA taxes and the empiojees federal incoene tax aithboldirgs for the lirst quarter. Required Prepare journal entries to secord these trancactions and events

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