6. [Para. 4-a-6] General Fund payrolls for the year totaled $4,460,212. Of that amount, $936,701 was withheld for employees' federal income taxes; $535,258 for federal payroll taxes; $133,815 for employees' state income taxes; $267,629 for retirement funds administered by the state government; and the remaining $2,586,809 was paid to employees in cash. The City of Smithville does not record encumbrances for payrolls. The payrolls were chargeable against the following functions appropriations: General Government Public Safety Public Works Health and Welfare Culture and Recreation Total $956,254 1,771,480 656,690 572,370 503,418 $4,460,212 Required: Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year.
6. [Para. 4-a-6] General Fund payrolls for the year totaled $4,460,212. Of that amount, $936,701 was withheld for employees' federal income taxes; $535,258 for federal payroll taxes; $133,815 for employees' state income taxes; $267,629 for retirement funds administered by the state government; and the remaining $2,586,809 was paid to employees in cash. The City of Smithville does not record encumbrances for payrolls. The payrolls were chargeable against the following functions appropriations: General Government Public Safety Public Works Health and Welfare Culture and Recreation Total $956,254 1,771,480 656,690 572,370 503,418 $4,460,212 Required: Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![6. [Para, 4-a-6] General Fund payrolls for the year totaled $4,460,212. Of that amount, $936,701 was
withheld for employees' federal income taxes; $535,258 for federal payroll taxes; $133,815 for
employees' state income taxes; $267,629 for retirement funds administered by the state government;
and the remaining $2,586,809 was paid to employees in cash. The City of Smithville does not record
encumbrances for payrolls. The payrolls were chargeable against the following functions"
appropriations:
General Government
Public Safety
Public Works
Health and Welfare.
Culture and Recreation
Total
$956,254
1,771,480
656,690
572,370
503,418
$4,460,212
Required: Make summary journal entries for payroll in both the General Fund and governmental
activities general journals for the year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56abc4ea-fd32-4e19-906a-9545d4994be0%2Fd2d157a9-7a2e-4841-b4b9-af28b3a1cc45%2Ft8o3y1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. [Para, 4-a-6] General Fund payrolls for the year totaled $4,460,212. Of that amount, $936,701 was
withheld for employees' federal income taxes; $535,258 for federal payroll taxes; $133,815 for
employees' state income taxes; $267,629 for retirement funds administered by the state government;
and the remaining $2,586,809 was paid to employees in cash. The City of Smithville does not record
encumbrances for payrolls. The payrolls were chargeable against the following functions"
appropriations:
General Government
Public Safety
Public Works
Health and Welfare.
Culture and Recreation
Total
$956,254
1,771,480
656,690
572,370
503,418
$4,460,212
Required: Make summary journal entries for payroll in both the General Fund and governmental
activities general journals for the year.
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