Help with journalizing payroll transactions and filling, Accounting Basics

Assignment Help:

help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid cash for semimonthly payroll. total earnings,$5,250.00; withholdings;employee income tax,$273.00; u.s. savings bonds,$60.00(calculate the social security and medicare deductions). may 15, recorded employer payroll taxes expense for the may 15 payroll. may 15,paid cash for u.s. savings bonds for employees,$300.00. may 31, paid cash for semimonthly payroll, gross wages,$5,310.00; withholdings; employee income tax,$276.00; u.s. savings bonds,$60.00. recorded employer payroll taxes expense for the may 31 payroll. may 31, paid cash for federal unemployment tax liability for quarter ended march 31,$245.76. may 31, paid cash for state unemployment tax liability for quarter ended march 31, $1,658.88. june 15, paid cash for the may liability for employee income tax,social security tax, and medicare tax,(calculate the social security and medicare tax liabilities by multiplying total earnings for the period by 12.4% for social security tax and 2.9% for medicare tax.)june 15, paid cash for semimonthly payroll. gross wages,$5,280.00; withholdings; employee income tax, $274.00; u.s.savings bonds, $75.00. june 15,recorded employer payroll taxes expense. prove and rule the cash payments journal.


Related Discussions:- Help with journalizing payroll transactions and filling

Project, what are the basic theory of accounting

what are the basic theory of accounting

Ledger, ledger is said to be the principal book entry and the transactions ...

ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. elaborate on the statement and explain why journal is neces

Difference between finance and accounts?, Finance: It is the part of econo...

Finance: It is the part of economics that studies the management of money and other assets. In easier terms it can be explained as the commercial activity of providing funds and c

Career in information systems, Q. Career in information systems? Have y...

Q. Career in information systems? Have you yet heard the sayings knowledge is power or else information is money? When people talk about accounting what they are really talking

Pro forma financial statements, Pro forma Financial Statements In ...

Pro forma Financial Statements In accounting, a financial statement in which the amounts begin are fully or partially estimates; from the Latin for "as a matter of form."

Explain merchandise in transit, Q. Explain Merchandise in transit? Mer...

Q. Explain Merchandise in transit? Merchandise in transit is merchandise in the hands of a shipment company on the date of a physical inventory. As stated above buyers should

Creating a two player web based game, Required: An implementation of...

Required: An implementation of a two player game. Keep the game simple ROCK PAPER SCOSSORS A two player game, each player on a different browser instance.  (pro

What is current ratio in terms of accounting, Q. What is current ratio in t...

Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets

Final accounts, stpes to be taken prepaing for final accounts

stpes to be taken prepaing for final accounts

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd