The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payrollrecords:Employees' NamesHellen CraigJoseph LimDino PatelliSharleen McFeeView transaction listJournal entry worksheet<11. Prepare a General Journal entry to record the employer's payroll costs resulting from the payroll. (Do not round intermediatevalues. Round your answers to 2 decimal places.)DateMar 09Record the employer's payroll costs resulting from the payroll.Note: Enter debits before credits.Record entryWeekly Gross Earnings to End ofPayPrevious Week$ 7206108301,700$3,860View transaction list< 1General JournalJournal entry worksheetDateMar 09Clear entryNote: Enter debits before credits.Record entryRecord the employee benefits incurred by the company.$12,51010,32015,50029,5002. Prepare a General Journal entry to record the following employee benefits incurred by the company: (a) health insurance costsequal to the amounts contributed by each employee and (b) contributions equal to 10% of gross pay for each employee's retirementincome program. (Round your answers to 2 decimal places.)General JournalIncome Taxes$168.10142.05194.65468.65$973.45Clear entryDebitCreditDebitHealth InsuranceDeductions$24.0024.0036.0024.00$108.00CreditView general journalView general journal>

Payroll register include gross salary payable to all employees and statutory deductions on account…

The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payro records: Employees' Names Hellen Craig Joseph Lim Dino Patelli Sharleen McFee View transaction list < Journal entry worksheet Weekly Gross Earnings to End of Previous Week 1 Pay $720 610 830 1,700 $3,860 Date Mar 09 1. Prepare a General Journal entry to record the employer's payroll costs resulting from the payroll. (Do not round intermediate values. Round your answers to 2 decimal places.) Record the employer's payroll costs resulting from the payroll. Note: Enter debits before credits. Record entry $12,510 10,320 15,500 29,500 General Journal Clear entry Income Taxes $168.10 142.05 194.65 468.65 $973.45 Debit Health Insurance Credit Deductions $ 24.00 24.00 36.00 24.00 $108.00 View general journal

The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company's payro records: Employees' Names Hellen Craig Joseph Lim Dino Patelli Sharleen McFee View transaction list < Journal entry worksheet Weekly Gross Earnings to End of Previous Week 1 Pay $720 610 830 1,700 $3,860 Date Mar 09 1. Prepare a General Journal entry to record the employer's payroll costs resulting from the payroll. (Do not round intermediate values. Round your answers to 2 decimal places.) Record the employer's payroll costs resulting from the payroll. Note: Enter debits before credits. Record entry $12,510 10,320 15,500 29,500 General Journal Clear entry Income Taxes $168.10 142.05 194.65 468.65 $973.45 Debit Health Insurance Credit Deductions $ 24.00 24.00 36.00 24.00 $108.00 View general journal

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 1MP: The totals line from Nix Companys payroll register for the week ended March 31, 20--, is as follows:...

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