Journalizing payroll transactions, for keller systems, Accounting Basics

Assignment Help:

journalizing payroll transactions, for Keller Systems;Inc, 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. 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). recorded employer payroll taxes expenses for the may 15 payroll. paid cash for u.s. savings bonds for employees,$300.00. 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.paid cash for federal unemployment tax liability for quarter ended march 31, $245.76. 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.) paid cash for semimonthly payroll. gross wages,$5,280.00;withholdings;employee income tax, $274.00; u.s.savings bonds,$75.00. recorded employer payroll taxes expenses.prove and rule the cash payments journal.


Related Discussions:- Journalizing payroll transactions, for keller systems

Accounting, what are the basics of accounting

what are the basics of accounting

How to treat entry , Assume we had given tour advance to party how to treat...

Assume we had given tour advance to party how to treat entry and which head have to given expenditure? Ans) Cash/Bank a/c DR To Party(name)a/c (Advance Paid For Tour)

Cycle inventory is required , One or more phases in the operation cannot su...

One or more phases in the operation cannot supply all the items it makes concurrently.

Writing job, I am looking for job in your company. I possess academic writi...

I am looking for job in your company. I possess academic writing experience of 1.5 years in accounting field.

Explain the term- reversing entries and interim statements, Explain the ter...

Explain the term- Reversing entries and Interim statements Reversing entries - Made the first day of new accounting period. They are exact opposite of the adjusting entries

Balance sheet, where dose inventory changes aper on the balance sheet

where dose inventory changes aper on the balance sheet

American society of women accountants - aswa, It is a national organization...

It is a national organization of female accountants in America that plans to further the interests of women in the accounting career. The American Society of Women Accountants (ASW

Account and rules of debit and credit, A business may perhaps engage in tho...

A business may perhaps engage in thousands of transactions during a year. An accountant summarizes and classifies the data in these transactions to create useful information.

Depreciation, Depreciation on an Motor Vehicle of 5,000,000

Depreciation on an Motor Vehicle of 5,000,000

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