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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.
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Why it is important for independent auditor to be a member of a professional body?
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On January 1, 2012, Lexmark Company's Accounts receivable account had a debit balance of $10,000. During January, 2012, the company billed customers for services in the amount of
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