Exercise 8-6 Ccounting for Cash and Payroll,3w meOW32,3Envirocon Company deposits taxes monthly. In general journal form, record the entryfor the April 15 payment of FICA and federal income taxes for employees and employer.+Sept. 30EXERCISE 8-6 On September 30, Cody Company's selected account balances are asfollows:Employees' Federal Income Tax PayableFICA Social Security Tax Payable (employer,$2,110.80; employee, $2,110.80)Social Securityax PayableFICA Medicare Tax Payable (employer, $493.66;employee, $493.66)State Unemployment Tax PayableFederal Unemployment Tax PayableIn general journal form, prepare the entries to record the following:Oct. 15 Payment of liabilities for FICA taxes and the federal income tax.Payment of liability for state unemployment tax.Payment of liability for federal unemployment tax.31311.876.0899+DELLEXERCISE 8-7 On September 30, Hilltop Company's selected payroll accounts are asfollows:FICA MedicareTax Payable$4,738.00+Sept. 304,221.60987.32438.762,200.00570.00(Some employees havereached the limit.)Employees' FederalIncome Tax Payable+Sent. 303.210.85<354

The employer records the tax payable to the income tax authority as a liability. The employer pays…

EXERCISE 8-6 On September 30, Cody Company's selected account balances are as follows: Employees' Federal Income Tax Payable FICA Social Security Tax Payable (employer, $2,110.80; employee, $2,110.80) FICA Medicare Tax Payable (employer, $493.66; employee, $493.66) State Unemployment Tax Payable $4,738.00 31 31 4,221.60 987.32 2,200.00 (Some employees have reached the limit.) 570.00 Federal Unemployment Tax Payable In general journal form, prepare the entries to record the following: Oct. 15 Payment of liabilities for FICA taxes and the federal income tax. Payment of liability for state unemployment tax. Payment of liability for federal unemployment tax.