The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week endedJune 14, 20X1, is shown below.OfficeEarnings and Deductions Employees$1,000.0072.4017.78140.ee24.00ShippingEmp loyees$1,030.0061.8615.3199.0024.00$ 829.83Gross earningsSocial security taxMedicare taxIncone taxHealth insuranceNet pay for week$ 745.82Prepare a general jourmal entry to record the weekly payroll of the firm on June 14, 20X1. (Round your answers to 2 decimal places.)View transaction listJournal entry worksheetRecord payroll for week ended June 14.Note: Enter debits before creditsDateGeneral JournalDebitCreditJune 14, 20X1

Journal entry is the primary step to record the transaction in the books of accounts. The debit and…

The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week ended June 14, 20X1, is shown below. Office Earnings and Deductions Employees Gross earnings Social security tax Medicare tax Incone tax Health insurance $1,000.00 72.40 17.78 140.00 24.00 Shipping Emp loyees $1,030.ee 61.86 15.31 99.00 24.00 $ 829.83 Net pay for week 745.82 Prepare a general journal entry to record the weekly payroll of the firm on June 14, 20X1 (Round your answers to 2 decimal places.)

The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week ended June 14, 20X1, is shown below. Office Earnings and Deductions Employees Gross earnings Social security tax Medicare tax Incone tax Health insurance $1,000.00 72.40 17.78 140.00 24.00 Shipping Emp loyees $1,030.ee 61.86 15.31 99.00 24.00 $ 829.83 Net pay for week 745.82 Prepare a general journal entry to record the weekly payroll of the firm on June 14, 20X1 (Round your answers to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000. Federal income tax withheld from employee paychecks totaled $1,100. The social security tax rate is 6%, the Medicare tax rate is 1.5%, the state unemployment tax rate is 5.4% and the federal unemployment tax rate is .8%. a) Journalize the payroll entry for the week. DATE Debit Credit X/X b) Journalize the payroll tax entry for the week. DATE Debit Credit X/X
On the printed "Worksheet" page, journalize the transactions the information from the "Transactions" page.
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what am i supposed to start my journal entry with ? forUrban Window Company had gross wages of $360,000 during the week ended July 15. The amount of wages subject to social security tax was $360,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.6% The total amount withheld from employee wages for federal taxes was $48,000.
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need help putting to general journal
Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 44 $46 $486.68 $75 Cobb 42 32 295.84 70 Clemente 45 24 216.6 100 DiMaggio 38 34 271.32 100 Griffey, Jr. 48 42 458.64 105 Mantle $2,100 504.00 85 Robinson 35 36 189.00 70 Williams 2,350 517.00 75 Vaughn 43 28 249.20 70 Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1. Prepare a payroll register for Throwback Industries Inc.…