Chapter 6 Homework Page 3

Chapter 6 Homework Page 3 - 6-3A(concluded l Prior to...

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Unformatted text preview: 6-3A (concluded) l). Prior to posting the November 30 payroll transaction, FICA the FICA taxes and income taxes withheld on the November Taxes PayablevOASDI, FICA Taxes Payable‘HI, and 30 payroll. Journalize the electronic transfer of the payroll Employees FIT Payable had zero balances. Ruthcr must pay taxes on December 15. JOURNAL fl POST. DATE DESCRIPTION REF. DEBIT CREDIT I m. Is Flea Twes l’oqablt T Wont? I 0 S ‘I 00 I i F’m we flan «H1 labw 2 3 am I as FLT a We IOLIooo a 4 Gas 1 3 LI 0 so 4 5 5 _e I e I 6-4A LO 3. The employees of Donnelly Music Company earn total wages of is 3.6%. The amount withheld for federal income taxes is $685. $4,690 during January. The total amount is taxable under FICA, Journalize the payment 0F the monthly wages, and record the FUTA, and SUTA. The state contribution rate for the company payroll taxes. JOURNAL liDATE DESCRIPTION $353,; DEBIT I CREDIT 1 LE}! Wags-W," ‘I mo 00 I 2 Fl¢9e 11m E’a wash. ’ stem: 0 73 2 3 Flam Tux-es Paflttt» H3: X 0! 3 4 Eruploo‘ecj Fl 7 P527417]! I 9” 4 5 USIA I I2 LI 5 6 ,7 7 ,7, 6 v 3I¢mmLTwu EMSD 7 5 W, ficfl Tum away DMD: I o 77 a 9 FT—(fi Towns IPLVIGl-Iv ‘ H1 0‘ I 9 To FIAT“ Tmzltj favzfikble 7 $2110 11 3mm Towns fwwahlc 8’ Y”! n 12 ‘ 12 13 7 ”WWW 13 14 WW 7 14 6-36 ...
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