The following totals for the month of April were taken from the payroll records of Concord Corporation. Salaries $96000 FICA taxes withheld 7340 Income taxes withheld 20000 Medical insurance deductions 3600 Federal unemployment taxes 260 State unemployment taxes 1730 The entry to record the payment of net payroll would include a debit to Salaries and Wages Payable for $57720. debit to Salaries and Wages Payable for $63330. credit to Cash for $72400. debit to Salaries and Wages Payable for $65060.

Q: Helen company paid salaries and wages of the month of April $12,000 applicable federal income tax…

A: Federal income tax withheld payable = Salaries and wages paid × Federal income tax rate

Q: The following totals for the month of April were taken from the payroll records of Cheyenne Corp..…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: Total payroll expense was recorded as $750,000 on the income statement. The payroll payable account…

A: Statement of cash flows: Cash flow statement is also known as statement of cash flows. It is a…

Q: The following totals for the month of April were taken from the payroll records of Wildhorse Co..…

A: A payroll register is a register that records the remuneration of all employees and payroll-related…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: 1.A.Prepare journal entry to record payroll:

Q: 1. Paying payroll 2. Recording employer payroll taxes 3. Paying employee and employer payroll taxes…

A: Let’s analyze the effects on net assets and Earnings per Share (EPS) for each of the…

Q: From the following information, calculate the payroll tax expense for Bowling Company for the…

A: Answer:- Payroll taxes:- All taxes pertaining to a person's salary, wage, bonus, commission and tips…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salaries expense represents the gross salaries earned by the employees. All the deductions like…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salaries means the amount paid to employee for the services rendered.

Q: KA  Payroll Related Accounting       Assume a weekly payroll of $30,000 entirely subject to…

A: Assume a weekly payroll of $30,000 entirely subject to F.I.C.A. and Medicare (7.65%) taxes, with…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The following totals for the month of June were taken from the payroll register of Arcon Company:…

A: Salary refers to the amount that is paid to the employees/ workers for the services provided by them…

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: The payroll register for Gentry Company for the week ended December 17 indicated the following:…

A: If a business has employees, it has to record for payroll. Payroll is the aggregate expenditure on…

Q: The following totals for the month of April were taken from the payroll records of Noll Company.…

A: The payroll register records the salaries of all employees and payroll-related transactions. These…

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: The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of…

A: State unemployment tax payable= Earnings x State rate= $36000*5.40%= $1944 Federal Unemployment tax…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Payroll CalculationsSalaries:Sales salaries: $282,000Warehouse salaries: $155,000Office salaries:…

Q: Calculation and Journal Entry for Employer Payroll Taxes Portions of the payroll register for La…

A: Taxation: Taxation refers to the imposition of compulsory financial obligations by the government on…

Q: P10-3A) Recording Payroll and Payroll Taxes Ruth Corporation had the following payroll for April:…

A: Information on employee benefits, including health insurance, retirement contributions, and other…

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: CALCULATING PAYROLL TAXES EXPENSE AND PREPARING JOURNALENTRY Selected information from the payroll…

A: SUTA stands for "The State Unemployment Tax Act".  SUTA tax will be levied on the total unemployment…

Q: Complete Accounting Services has the following payroll information for the week ended December 7.…

A: Wages: Wages are the earnings of the employees for their work to the company they serve. These are…

Q: he payroll register of Seaside architecture company indicates $915 of Social Security and $177 of…

A: A record is frequently recorded in the primary ledger; however, it may alternatively be entered in a…

Q: Assume that a payroll register contains the following columnar totals for the pay period ending…

A: Payroll The procedure where a company reimburses to the employees based on their working hours,…

Q: In January, gross earnings in Swifty Company totaled $96,000. All earnings are subject to 7.65% FICA…

A: FICA Taxes payable = Gross earnings x FICA tax rate = 96,000 x 7.65% = $7,344

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Salary expense include basic salary and all type of allowance provided by the company in addition to…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Net Salaries Payable = Total salaries for the period - Total amount withheld = $65,000 - ($3,900 +…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Answer a:

Q: please give me answer in relatable

A: Part B: Payment of the Net PayrollJournal Entry:DateAccountDebitCreditMay 31Salaries Payable114,469…

Q: Nov. 30: Journalized the monthly payroll for November, based on the following data. Description…

A: answers Description Debit Credit Sales Salaries Expense $135,000   Office Salaries…

Q: The following totals for the month of April were taken from the payroll records of Skysong Company.…

A: A payroll register is a register that records the remuneration of all employees and payroll-related…

Q: A company's payroll for the month ended January 31 is summarized as follows: Total wages Federal…

A: Payroll expenses are the overall costs incurred by a company in rewarding its employees for their…

Q: $350,000  Warehouse salaries 182,000  Office salaries 136,000   $668,000     Deductions:

A: Payroll is  remuneration that a company owes to its employees for a specific period of timeon a…

Q: The payroll register for Heilman Mfg. for the week of August 20th indicates the following: salaries…

A: Prepare journal entry to record payroll for the week of August 20:

Q: Required Record the following in general journal form on May 31: a. Accrual of the monthly payroll.…

A: The salaries due to the employee is debited with the gross amount to salaries and wages expense by…

Q: e following totals for the month of June were taken from the payroll register of Arcon Company:…

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: ) Journalize the payroll entry for the week. DATE   Debit Credit X/X…

A:

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…