4 and federal unemployment taxes 8 a journalize the

This preview shows page 6 out of 6 pages.

taxes 8%, state unemployment taxes 5.4%, and federal unemployment taxes .8%. a) Journalize the January transactions. b) Journalize the adjustments pertaining to employee compensation on January 31. Jan. 10 250.0 $ 250.0 $ 12 662.0 1,255.0 1,917.0 15 350.0 350.0 17 102.0 102.0 20 312.0 1,954.0 2,266.0 31 17,600.0 27,400.0 3,600.0 1,770.0 360.0 400.0 1,800.0 37,070.0 31 37,070.0 37,070.0 31 2,499.2 3,890.8 3,600.0 360.0 2,430.0 Cash State income taxes payable Office salaries expense Store wages expense FICA taxes payable Union dues payable U.S. Savings bonds payable Net wage payable Cash Federal unemployment taxes payable State unemployment taxes payable Cash Union dues payable Cash FICA taxes payable Federal income taxes payable Cash U.S. Savings bonds payable Federal unemployment taxes payable State unemployment taxes payable Office salaries expense Store wages expense Federal income taxes payable State income taxes payable Net wage payable Cash FICA taxes payable
Image of page 6
You've reached the end of this preview.
  • Spring '12
  • ALL
  • Balance Sheet, ........., Generally Accepted Accounting Principles, Rossillon Company

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern