PA11. Record the journal entries for each of the following payroll transactions. Apr. 2 Paid $650 and $340 cash to a federal depository for FICA Social Security and FICA Medicare, respectively Apr. 4 Paid accumulated employee salaries of $15,220 Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank Apr. 14 Paid cash to the health insurance carrier for total outstanding health insurance liability of $800 Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively
PA11. Record the journal entries for each of the following payroll transactions. Apr. 2 Paid $650 and $340 cash to a federal depository for FICA Social Security and FICA Medicare, respectively Apr. 4 Paid accumulated employee salaries of $15,220 Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank Apr. 14 Paid cash to the health insurance carrier for total outstanding health insurance liability of $800 Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PA11. Record the
Apr. 2 Paid $650 and $340 cash to a federal depository for FICA Social Security and FICA Medicare,
respectively
Apr. 4 Paid accumulated employee salaries of $15,220
Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an
IRS-approved bank
Apr. 14 Paid cash to the health insurance carrier for total outstanding health insurance liability of $800
Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state
amounts of $130 and $250, respectively
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