Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. 15. Payroll: $6,105. All wages and salaries taxable. Withheld $565 for federal income taxes, $107.32 for state income taxes, and $50 for union dues. 15. Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter. 15. Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls. 29. Payroll: $5,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for state income taxes, and $55 for union dues. 29. Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid. 29. Filed the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund. May 2. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during April. 13. Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.05 for state income taxes, and $55 for union dues. 16. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the April payrolls. 31. Payroll: $6,060. All wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state income taxes, and $50 for union dues. June 3. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during May. 15. Payroll: $6,380. All wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues. 15. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the May payrolls. 30. Payroll: $6,250. All wages and salaries taxable, except only $4,770 is taxable under FUTA and SUTA. Withheld $538 for federal income taxes, $127.60 for state income taxes, and $50 for union dues. The following are the account balances forwarded as of June 1: (1) Union Due Payable: $105 (2) Employees SIT Payable: $480.27 (3) FICA Taxes Payable - OASDI: $1,471.88 (4) FICA Taxes Payable - HI: $344.24 (5) Employees FIT Payable: $1,040.00 (6) FUTA Taxes Payable: $292.11 (7) SUTA Taxes Payable: $547.98 (8) Cash: $31,805.77 (9) Wages and Salaries: $95,185.00 (10) Payroll taxes: $9,360.29 Note: The SUTA tax rate is 2.3%. a. Analyze and journalize the transactions described in the narrative above. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. GENERAL JOURNAL PAGE 21 DATE DESCRIPTION DEBIT CREDIT 20-- Jun. 3 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 Jun. 15-Payroll fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 fill in the blank 20 fill in the blank 21 fill in the blank 23 fill in the blank 24 fill in the blank 26 fill in the blank 27 Jun. 15-Taxes fill in the blank 29 fill in the blank 30 fill in the blank 32 fill in the blank 33 fill in the blank 35 fill in the blank 36 fill in the blank 38 fill in the blank 39 fill in the blank 41 fill in the blank 42 Jun. 15-Federal Taxes fill in the blank 44 fill in the blank 45 fill in the blank 47 fill in the blank 48 fill in the blank 50 fill in the blank 51 fill in the blank 53 fill in the blank 54 Jun. 30-Payroll fill in the blank 56 fill in the blank 57 fill in the blank 59 fill in the blank 60 fill in the blank 62 fill in the blank 63 fill in the blank 65 fill in the blank 66 fill in the blank 68 fill in the blank 69 fill in the blank 71 fill in the blank 72 fill in the blank 74 fill in the blank 75 Jun. 30-Taxes fill in the blank 77 fill in the blank 78 fill in the blank 80 fill in the blank 81 fill in the blank 83 fill in the blank 84 fill in the blank 86 fill in the blank 87 fill in the blank 89 fill in the blank 90

Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. 15. Payroll: $6,105. All wages and salaries taxable. Withheld $565 for federal income taxes, $107.32 for state income taxes, and $50 for union dues. 15. Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter. 15. Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls. 29. Payroll: $5,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for state income taxes, and $55 for union dues. 29. Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid. 29. Filed the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund. May 2. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during April. 13. Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.05 for state income taxes, and $55 for union dues. 16. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the April payrolls. 31. Payroll: $6,060. All wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state income taxes, and $50 for union dues. June 3. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during May. 15. Payroll: $6,380. All wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues. 15. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the May payrolls. 30. Payroll: $6,250. All wages and salaries taxable, except only $4,770 is taxable under FUTA and SUTA. Withheld $538 for federal income taxes, $127.60 for state income taxes, and $50 for union dues. The following are the account balances forwarded as of June 1: (1) Union Due Payable: $105 (2) Employees SIT Payable: $480.27 (3) FICA Taxes Payable - OASDI: $1,471.88 (4) FICA Taxes Payable - HI: $344.24 (5) Employees FIT Payable: $1,040.00 (6) FUTA Taxes Payable: $292.11 (7) SUTA Taxes Payable: $547.98 (8) Cash: $31,805.77 (9) Wages and Salaries: $95,185.00 (10) Payroll taxes: $9,360.29 Note: The SUTA tax rate is 2.3%. a. Analyze and journalize the transactions described in the narrative above. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. GENERAL JOURNAL PAGE 21 DATE DESCRIPTION DEBIT CREDIT 20-- Jun. 3 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 Jun. 15-Payroll fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18 fill in the blank 20 fill in the blank 21 fill in the blank 23 fill in the blank 24 fill in the blank 26 fill in the blank 27 Jun. 15-Taxes fill in the blank 29 fill in the blank 30 fill in the blank 32 fill in the blank 33 fill in the blank 35 fill in the blank 36 fill in the blank 38 fill in the blank 39 fill in the blank 41 fill in the blank 42 Jun. 15-Federal Taxes fill in the blank 44 fill in the blank 45 fill in the blank 47 fill in the blank 48 fill in the blank 50 fill in the blank 51 fill in the blank 53 fill in the blank 54 Jun. 30-Payroll fill in the blank 56 fill in the blank 57 fill in the blank 59 fill in the blank 60 fill in the blank 62 fill in the blank 63 fill in the blank 65 fill in the blank 66 fill in the blank 68 fill in the blank 69 fill in the blank 71 fill in the blank 72 fill in the blank 74 fill in the blank 75 Jun. 30-Taxes fill in the blank 77 fill in the blank 78 fill in the blank 80 fill in the blank 81 fill in the blank 83 fill in the blank 84 fill in the blank 86 fill in the blank 87 fill in the blank 89 fill in the blank 90

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter13: Accounting For Payroll And Payroll Taxes

Section13.3: Reporting Withholding And Payroll Taxes

Problem 1OYO

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Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March.
	15.	Payroll: $6,105. All wages and salaries taxable. Withheld $565 for federal income taxes, $107.32 for state income taxes, and $50 for union dues.
	15.	Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter.
	15.	Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls.
	29.	Payroll: $5,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for state income taxes, and $55 for union dues.
	29.	Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid.
	29.	Filed the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund.
May	2.	Paid the treasurer of the union the amount of union dues withheld from workers' earnings during April.
	13.	Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.05 for state income taxes, and $55 for union dues.
	16.	Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the April payrolls.
	31.	Payroll: $6,060. All wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state income taxes, and $50 for union dues.
June	3.	Paid the treasurer of the union the amount of union dues withheld from workers' earnings during May.
	15.	Payroll: $6,380. All wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues.
	15.	Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the May payrolls.
	30.	Payroll: $6,250. All wages and salaries taxable, except only $4,770 is taxable under FUTA and SUTA. Withheld $538 for federal income taxes, $127.60 for state income taxes, and $50 for union dues.

The following are the account balances forwarded as of June 1:
(1) Union Due Payable: $105
(2) Employees SIT Payable: $480.27
(3) FICA Taxes Payable - OASDI: $1,471.88
(4) FICA Taxes Payable - HI: $344.24
(5) Employees FIT Payable: $1,040.00
(6) FUTA Taxes Payable: $292.11
(7) SUTA Taxes Payable: $547.98
(8) Cash: $31,805.77
(9) Wages and Salaries: $95,185.00
(10) Payroll taxes: $9,360.29

Note: The SUTA tax rate is 2.3%.

a. Analyze and journalize the transactions described in the narrative above. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.

GENERAL JOURNAL	PAGE 21
DATE	DESCRIPTION	DEBIT	CREDIT
20--
Jun. 3		fill in the blank 2	fill in the blank 3
		fill in the blank 5	fill in the blank 6

Jun. 15-Payroll		fill in the blank 8	fill in the blank 9
		fill in the blank 11	fill in the blank 12
		fill in the blank 14	fill in the blank 15
		fill in the blank 17	fill in the blank 18
		fill in the blank 20	fill in the blank 21
		fill in the blank 23	fill in the blank 24
		fill in the blank 26	fill in the blank 27

Jun. 15-Taxes		fill in the blank 29	fill in the blank 30
		fill in the blank 32	fill in the blank 33
		fill in the blank 35	fill in the blank 36
		fill in the blank 38	fill in the blank 39
		fill in the blank 41	fill in the blank 42

Jun. 15-Federal Taxes		fill in the blank 44	fill in the blank 45
		fill in the blank 47	fill in the blank 48
		fill in the blank 50	fill in the blank 51
		fill in the blank 53	fill in the blank 54

Jun. 30-Payroll		fill in the blank 56	fill in the blank 57
		fill in the blank 59	fill in the blank 60
		fill in the blank 62	fill in the blank 63
		fill in the blank 65	fill in the blank 66
		fill in the blank 68	fill in the blank 69
		fill in the blank 71	fill in the blank 72
		fill in the blank 74	fill in the blank 75

Jun. 30-Taxes		fill in the blank 77	fill in the blank 78
		fill in the blank 80	fill in the blank 81
		fill in the blank 83	fill in the blank 84
		fill in the blank 86	fill in the blank 87
		fill in the blank 89	fill in the blank 90

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