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

The sneed corporation issues 10, The Sneed Corporation issues 10,000 shares...

The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $75

The total assets of capp co. are $600, The total assets of Capp Co. are $60...

The total assets of Capp Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Capp Co.'s owner's equity?

Donna, Jan. 1 Purchased a small company and recorded goodwill of $150,000. ...

Jan. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. May 1 Purchased for $90,000 a patent with an estimated useful life of 5 years an

Financial statements of business organizations, Q. Financial statements of ...

Q. Financial statements of business organizations? Business entities may perhaps have many objectives and goals. For instance one of your objectives in owning a physical fitnes

Fundamental, i have propblem in to make assignment so get me help please

i have propblem in to make assignment so get me help please

Trial balance, 2013, May 1st: 1 started in bnusiness with capital in cash o...

2013, May 1st: 1 started in bnusiness with capital in cash of 1,800 and 4,200 in the bank. 2nd: Bought goods on credit from: j.Ward 600, P.Green 515

What is federal unemployment tax, What is Federal unemployment tax Fed...

What is Federal unemployment tax Federal unemployment tax (FUTA) requires the payment of taxes to provide benefits for workers during periods of temporary unemployment. This

The following stockholders'' equity accounts arranged, The following stockh...

The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,0

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