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The summary of the payroll for the monthly pay period ending July 15 indicated the following: Hide a. Journalize the entry to record the payroll.

The summary of the payroll for the monthly pay period ending July 15 indicated the following:




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a. Journalize the entry to record the payroll. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".








Federal Income Tax Payable
Medical Insurance Payable
Office Salaries Payable
Salaries Payable
Sales Salaries Expense
Correct 2 of Item 1
Correct 3 of Item 1
Correct 4 of Item 1



Cash
Medicare Tax Payable
Office Salaries Expense
Sales Salaries Payable
State Income Tax Payable
Correct 5 of Item 1
Correct 6 of Item 1
Correct 7 of Item 1



Cash
Office Salaries Expense
Payroll Tax Expense
Social Security Tax Expense
Social Security Tax Payable
Correct 8 of Item 1
Correct 9 of Item 1
Correct 10 of Item 1



Cash
Medicare Tax Expense
Medicare Tax Payable
Sales Salaries Expense
State Unemployment Tax Payable
Correct 11 of Item 1
Correct 12 of Item 1
Correct 13 of Item 1



Cash
Federal Income Tax Expense
Federal Income Tax Payable
Federal Unemployment Tax Payable
Payroll Tax Expense
Correct 14 of Item 1
Correct 15 of Item 1
Correct 16 of Item 1



Cash
Medical Insurance Payable
Medical Insurance Receivable
Medicare Tax Expense
State Unemployment Tax Payable
Correct 17 of Item 1
Correct 18 of Item 1
Correct 19 of Item 1



Cash
Federal Unemployment Tax Payable
Salaries Payable
Sales Salaries Expense
State Unemployment Tax Payable
Correct 20 of Item 1
Correct 21 of Item 1
Correct 22 of Item 1







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Solution
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b. Journalize the entry to record the employer's payroll tax expense for the month. The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%. Only $25,000 of salaries are subject to unemployment taxes. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".








Cash
Medicare Tax Payable
Payroll Taxes Expense
Social Security Tax Payable
State Unemployment Tax Payable
Correct 2 of Item 2
Correct 3 of Item 2
Correct 4 of Item 2



Cash
Office Salaries Expense
Payroll Taxes Expense
Social Security Tax Expense
Social Security Tax Payable
Correct 5 of Item 2
Correct 6 of Item 2
Correct 7 of Item 2



Cash
Medicare Tax Expense
Medicare Tax Payable
Payroll Tax Expense
Social Security Expense
Correct 8 of Item 2
Correct 9 of Item 2
Correct 10 of Item 2



Cash
Payroll Taxes Expense
Salaries Payable
State Unemployment Tax Expense
State Unemployment Tax Payable
Correct 11 of Item 2
Correct 12 of Item 2
Correct 13 of Item 2



Cash
Federal Unemployment Tax Payable
Medicare Tax Expense
Payroll Taxes Expense
Salaries Payable
Correct 14 of Item 2
Correct 15 of Item 2
Correct 16 of Item 2





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