a. Prepare the journal entries as of January 12 to record the payroll and the pa

Question

a. Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8. Credit Salaries Payable for the total net pay.

Use the following tax rates and bases: employer’s FICA—OASDI, 6.2% on the first $117,000; employer’s FICA—HI, 1.45% on total earnings; FUTA, 0.6% on the first $7,000; and SUTA, 3.6785% on the first $8,500.

For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.

b. Prepare the journal entry to record the payment of the payroll on January 14 when the paychecks are distributed to all workers. If required, round your answers to the nearest cent. Date Account Debit Credit 20-- Jan. 14

CengageNOW IOnline texOi Custook comjunior 10G Chegg Saudy Suided Sol x e C w :::Apps 1 Guided Sol X Watch ppy UFC T93: R. westcengagenow.com/üm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentsessionLocator-assignment; nFacebookcaankkeca News o?invoker assignments&takeAssignmentSessionLocator; assignment-take N! Watch movies onlan. " Signh YouTube G Google , Send Money, Pay O- Dr Google Translate a Electronics, Cars, Fas. SNBAcom s'-Omerboi The amount for total earnings was $7,544.31. Below is the information provided from the payroll register of Ki ngs was $7,544.31, Below is the information provided from the payroll register of Kipley Company. Inc. Payroll Register me Card Ho Nane Carson, F wilson, w útley. H Fife, L Smith. L. Fay G Robey, G. Schork, T GRP INS $0.85 0.85 0.85 0.85 HEALTH INS. $1.65 1.65 CK. NO.AMT $504.97 599.83 510.65 567.65 581.41 412.30 484.66 523.83 532.75 756.60 95 574.65 12 13 21 314 315 316 317 318 319 320 321 322 65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 $16.50 31 32 0.85 0.85 51 0.85 0.85 $6.80 Kipley, c. Totals o. Prepare the journal entries as of January 12 to record the payroll and the payrolf taxes for the week ending January s. Credit Salaries payable for the total net pay Use the following tax rates and bases: employer's FICA OASO, 6.2% on the first $112,000; employer's FICAPH, 1.45% on total earnin si FUTA 0686 on the first $7,000, and SUTA, 3.6785% on the first $8,500 For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Date Account Debit Credit 20-- Jan. 12 Select your answer Select your answer Select your answer select your answer Search the web and windows

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a. Prepare the journal entries as of January 12 to record the payroll and the pa

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