Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. 2 Paid $600 and $310 cash to a federal depository for FICA Social Security and FICA Medicare, respectively. Apr. 4 Paid accumulated employee salaries of $16,220. 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 health insurance carrier for total outstanding health insurance liability of $700. Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively. Apr. 2   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9 Apr. 4   fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15 Apr. 11   fill in the blank 17 fill in the blank 18     fill in the blank 20 fill in the blank 21     fill in the blank 23 fill in the blank 24 Apr. 14   fill in the blank 26 fill in the blank 27     fill in the blank 29 fill in the blank 30 Apr. 22   fill in the blank 32 fill in the blank 33     fill in the blank 35 fill in the blank 36     fill in the blank 38 fill in the blank 39

Q: The payroll register of Seaside Architecture Company indicates $980 of social security taxes and…

A: Withheld tax applicable to employment income. A withheld tax is a type of income tax which paid to…

Q: The payroll register of Seaside Architecture Company indicates $990 of social security and $252 of…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…

A: Journal entries: - Journal entries are the initial entries that we make for the business…

Q: The payroll register of Seaside Architecture Company indicates $980 of Social Security and $255 of…

A: Withheld Tax : Withheld tax applicable to employment income.  A withheld tax is a type of income tax…

Q: Carol Stokke receives her April 6 bank statement showing a balance of $1,154.75; her checkbook…

A: A bank reconciliation statement is a summary of banking and business activity that reconciles an…

Q: He payroll register of Seaside APchitecture Company indicates $820 of social security and $215 of…

A: Payroll journal entries are used to keep track of employee compensation. The general ledger then…

Q: Sage Corporation's weekly payroll of $12,000 included FICA taxes withheld of $918, federal taxes…

A: Weekly payroll refers to the process of calculating and distributing wages or salaries to employees…

Q: TRANSACTIONS (for year 20X1) June 1 Issued Check 4121 for $1,900 to pay the monthly rent. 2 Issued…

A: Petty cash fund refers to a cash fund maintained by entity to pay the day-to-day miscellaneous…

Q: The payroll register of Seaside Architecture Company indicates $990 of social security taxes and…

A: Withheld tax applicable to employment income. A withheld tax is a type of income tax which paid to…

Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of…

A: Payroll tax: It refers to the tax that is levied on the company on the spending of its employees.…

Q: 1. The total amount remitted to the BIR through the Tax Remittance Advice? 2. How much is the…

A: The Tax Remittance Advice (TRA) is an official document used by organizations to report and send…

Q: The payroll register of Heritage Co. indicates $4,800 of social security withheld and $1,200 of…

A: Answer:-  Journal entry meaning:- The act of maintaining or creating records of any transaction,…

Q: Attempt in Progress According to the accountant of Wildhorse Inc., its payroll taxes for the week…

A: The charges incurred by an employer for taxes on employee earnings and salaries are known as payroll…

Q: The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of…

A: Journal Entry It is used to record the business transactions of an enterprises

Q: Journalize Period Payroll The payroll register of Shortman Co. indicates $3,240 of social security…

A: Since you have posted multiple different questions, we will do the first one for you. Please post…

Q: PA11.  Record the journal entries for each of the following payroll transactions. Apr. 2 Paid $650…

A: Step 1 Journal is the part of the book keeping.

Q: The payroll register of Seaside Architecture Company indicates $910 of social security and $251 of…

A: Net Salaries Payable = Total Salaries - Social Security Tax - Medicare Tax - Federal Income Tax =…

Q: Jumping Jumpers Smocking, Inc., is a monthly depositor whose December federal taxes are displayed…

A: Journal entry is the procedure for initially documenting commercial transactions in the books of…

Q: The payroll register of Heritage Co. indicates $1,500 of social security withheld and $375 of…

A: The objective of the question is to record the payroll for the period in the company's journal. This…

Q: David had the following activity with his checking account during the month of July: Starting…

A: Statement showing checkbook balance as on 31st July  Particular Amount (in $) Opening balance…

Q: The following transactions relating to payroll, payroll deductions, and payroll taxes occurred…

A: Payroll is the collective term used to define the payments related to employees’ salaries or wages.…

Q: Journalizing Payroll Transactions 1.  Determine the amount of Social Security and Medicare taxes to…

A: Payroll is the compensation a business must pay to its employees for a period it include employees…

Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…

A: The primary reporting of transactions in the books of accounts is referred to as journal entries.

Q: The payroll register of Seaside Architecture Company indicates $840 of social security and $213 of…

A: Formula: State Unemployment Tax Payable = Total salaries x State Unemployment Tax rate Federal…

Q: The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December…

A: 1. Prepare necessary journal entries for the given transactions.(Transactions from December 2 to…

Q: Carol Stokke receives her April 6 bank statement showing a balance of $859.75; her checkbook balance…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: Journalizing Payroll Transactions 1.  Determine the amount of Social Security and Medicare taxes to…

A: In the above equation, the social security tax has been calculated by taking the earnings subject to…

Q: Journalize each of the payroll transactions listed below. Post all entries except the last two to…

A: Payroll Journal Entries Payroll journal entries are used to keep a track record of compensation paid…

Q: The following journal entry for payroll taxes has been recorded by Ruth for her hair salon business.…

A: Payroll taxes records all taxes payable on the earnings of an employee and which is payable by…

Q: According to the accountant of Sheridan Inc., its payroll taxes for the week were as follows:…

A: The accrued liabilities are recorded as current liabilities which are payable within the accounting…

Q: Decimal Corporation is a monthly depositor whose December federal taxes are displayed below. Record…

A: The federal income tax is a tax on annual earnings for individuals, businesses, and other legal…

Q: Assume that the employees are paid from the company's regular bank account check numbers 981 and 982…

A: Journal entries are passed to record each and every transaction occurred in the business. In that…

Q: The payroll register of Seaside Architecture Company indicates $960 of social security and $260 of…

A: Payroll is the automation of settling the dues towards the employees of the organization and the…

Q: The payroll register of Chen Heritage Co. indicates $2,220 of social security withheld and $555 of…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: he payroll register of Chen Engineering Co. indicates $1,380 of social security withheld and $345 of…

A: Payroll deductions are the amounts that are mandatorily or voluntarily deducted by the employer from…

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.