ACTIVITY NO. 2 NAME: YR.&SEC. COURSE: DATE The following accounts were taken from the General Ledger of Kapit Tuko Pension House at the end of its 15 year of operation, December 31, 2019. Cash Accounts Receivable P 85,000 60,000 Office Supplies Office Equipment Office Furniture 5,000 100,000 40,000 400,000 Service Vehicle Accounts Payable WHT Payable SSS Payable Philhealth Payable K. Tuko, Capital K. Tuko, withdrawals Service Income earned 25,000 8,000 10,000 2,000 500,000 20,000 959,000 Salaries and Wages 350,000 240,000 Rent Expense Advertising Expense Supplies Expense Light and Water Expense Gas and Oil Expense Repairs and Maintenance Telephone Expense Representation Expense Insurance Expense Taxes and Licenses 12,000 10,000 24,000 75,000 6,000 36,000 30,000 6,000 5,000 Required: Prepare a Trial Balance.

ACTIVITY NO. 2 NAME: YR.&SEC. COURSE: DATE The following accounts were taken from the General Ledger of Kapit Tuko Pension House at the end of its 15 year of operation, December 31, 2019. Cash Accounts Receivable P 85,000 60,000 Office Supplies Office Equipment Office Furniture 5,000 100,000 40,000 400,000 Service Vehicle Accounts Payable WHT Payable SSS Payable Philhealth Payable K. Tuko, Capital K. Tuko, withdrawals Service Income earned 25,000 8,000 10,000 2,000 500,000 20,000 959,000 Salaries and Wages 350,000 240,000 Rent Expense Advertising Expense Supplies Expense Light and Water Expense Gas and Oil Expense Repairs and Maintenance Telephone Expense Representation Expense Insurance Expense Taxes and Licenses 12,000 10,000 24,000 75,000 6,000 36,000 30,000 6,000 5,000 Required: Prepare a Trial Balance.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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S eBook Ask Print eferences Mc Graw Hill :: -WKCTC_....txt FI 2 W S KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2021, the payroll taxes (employee and employer share combined) were as follows: X Social Security tax: $5,056.78 Medicare tax: $1,182.63 Employee Federal income tax: $3,960.00 Required: Create the General Journal entry for the remittance of the taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list A Journal entry worksheet 4² Record the remittance of August payroll taxes. Note: Enter debits before credits. # 3 1 E D Data C 8.0 F3 $ 4 JUL 22 R F a F4 V General Inurnal % 5 T F5 G 8 DII FB M 1 ( 9 K ران DD F9 O ) O A F10 L P Ⓡ command C F11 - 9 F12 option
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Journal entries
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