JOURNAL Page 43 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Nov. 6 Payroll Cash 12 12,296.97 Cash 11 12,296.97 6 Administrative Salaries 51 2,307.69 Office Salaries 52 4,677.85 Sales Salaries 53 3,600.00 Plant Wages 54 4,898.00 FICA Taxes Payable - OASDI 20.1 959.99 FICA Taxes Payable - HI 20.2 224.53 Employees FIT Payable 24 902.00 Employees SIT Payable 25 475.37 Employees SUTA Payable 25.1 9.27 Employees CIT Payable 26 599.41 Union Dues Payable 28 16.00 Payroll Cash 12 12,296.97 6 Payroll Taxes 56 1,362.30 FICA Taxes Payable - OASDI 20.1 959.98 FICA Taxes Payable - HI 20.2 224.51 SUTA Taxes Payable - Employer 22 177.81 13 Payroll Cash 12 1,570.27 Cash 11 1,570.27 1. What is the total gross pay for all employees? 2. What is the total net pay for all employees? 3. What is the amount of the credit to FICA Taxes Payable—OASDI for employees? 4. What is the amount of the debit to Payroll Taxes? 5. What is the amount of the debit to Employees SIT Payable on November 4? 6.What is the amount of Sales Salaries paid to date?
JOURNAL Page 43 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Nov. 6 Payroll Cash 12 12,296.97 Cash 11 12,296.97 6 Administrative Salaries 51 2,307.69 Office Salaries 52 4,677.85 Sales Salaries 53 3,600.00 Plant Wages 54 4,898.00 FICA Taxes Payable - OASDI 20.1 959.99 FICA Taxes Payable - HI 20.2 224.53 Employees FIT Payable 24 902.00 Employees SIT Payable 25 475.37 Employees SUTA Payable 25.1 9.27 Employees CIT Payable 26 599.41 Union Dues Payable 28 16.00 Payroll Cash 12 12,296.97 6 Payroll Taxes 56 1,362.30 FICA Taxes Payable - OASDI 20.1 959.98 FICA Taxes Payable - HI 20.2 224.51 SUTA Taxes Payable - Employer 22 177.81 13 Payroll Cash 12 1,570.27 Cash 11 1,570.27 1. What is the total gross pay for all employees? 2. What is the total net pay for all employees? 3. What is the amount of the credit to FICA Taxes Payable—OASDI for employees? 4. What is the amount of the debit to Payroll Taxes? 5. What is the amount of the debit to Employees SIT Payable on November 4? 6.What is the amount of Sales Salaries paid to date?
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.4BE
Related questions
Question
JOURNAL | Page 43 | ||||
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
20-- | |||||
Nov. | 6 | Payroll Cash | 12 | 12,296.97 | |
Cash | 11 | 12,296.97 | |||
6 | Administrative Salaries | 51 | 2,307.69 | ||
Office Salaries | 52 | 4,677.85 | |||
Sales Salaries | 53 | 3,600.00 | |||
Plant Wages | 54 | 4,898.00 | |||
FICA Taxes Payable - OASDI | 20.1 | 959.99 | |||
FICA Taxes Payable - HI | 20.2 | 224.53 | |||
Employees FIT Payable | 24 | 902.00 | |||
Employees SIT Payable | 25 | 475.37 | |||
Employees SUTA Payable | 25.1 | 9.27 | |||
Employees CIT Payable | 26 | 599.41 | |||
Union Dues Payable | 28 | 16.00 | |||
Payroll Cash | 12 | 12,296.97 | |||
6 | Payroll Taxes | 56 | 1,362.30 | ||
FICA Taxes Payable - OASDI | 20.1 | 959.98 | |||
FICA Taxes Payable - HI | 20.2 | 224.51 | |||
SUTA Taxes Payable - Employer | 22 | 177.81 | |||
13 | Payroll Cash | 12 | 1,570.27 | ||
Cash | 11 | 1,570.27 | |||
1. What is the total gross pay for all employees?
2. What is the total net pay for all employees?
3. What is the amount of the credit to FICA Taxes Payable—OASDI for employees?
4. What is the amount of the debit to Payroll Taxes?
5. What is the amount of the debit to Employees SIT Payable on November 4?
6.What is the amount of Sales Salaries paid to date?
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