Payroll Accounting 2016 6-16A LO 3, In the Illustrative Case in this chapter, pa
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Question
Payroll Accounting 2016 6-16A LO 3, In the Illustrative Case in this chapter, payroll transactions for Brookins Company were an posted for the third quarter of the fiscal year. In this problem, you are to record 4, 5, 6 See pages 6-24 through 6-30 alyzed, journalized, and the payroll transactions for the la quarter of the firm's fiscal year. The last quarter begins on April 1,20-- Refer to the Illustrative Case on pages 6-24 to 6-30 and proceed as follows: a. Analyze and journalize the transactions described in the following narrative. Use the two-column journal pa- per provided on pages 6-48 to 6-51. Omit the writing of explanations in the journal entries. b. Post the journal entries to the general ledger accounts on pages 6 -52 to 6-57 Namative of Transactions Apr. 1. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. 15. Payroll: $6,10S. All wages and salaries taxable. Withheld $S65 for federal income taxes, $107.32 for 15. Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during state income taxes, and $50 for union dues. the first quarter. Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls. 15. 29. Payroll: $$,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for 29. Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No jour- 29. Filed the state contribution return for the quarter ended March 31 and paid the amount to the state 2. Paid the treasurer of the union the amount of union dues withheld from workers earnings during April. 13. Payroll: $5,810. All wages and salaries taxable. Withheld $507 for federal income taxes, $125.0S for 16. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld 31. Payroll: $6,060. All wages and salaries taxable. Withheld $533 for federal income taxes, $119.00 for state income taxes, and $55 for union dues. nal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid. unemployment compensation fund. state income taxes, and $55 for union dues. on the April payrolls. state income taxes, and $50 for union dues. May une 3. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during May 15. 15. 30. Payroll: $6,250. All wages and salaries taxable, except only $4,770 is taxable under FUTA and SUTA. Payroll: $6,380. All wages and salaries taxable, except only $5,000 is taxable under FUTA and SUTA. Withheld $549 for federal income taxes, $128.70 for state income taxes, and $50 for union dues. Electronically transferred funds to remove the liability for FICA taxes and federal income taxes withheld on the May payrolls. Withheld $538 for federal income taxes, $127.60 for state income taxes, and $50 for union dues.Explanation / Answer
JOURNAL Date Description Debit Credit 01-Apr-17 Union Dues 100.00 Cash 100.00 15-Apr-17 Salaries and Wages 6,105.00 Federal Income taxes 565.00 State Income taxes 107.32 Union dues 50.00 Cash 5,382.68 15-Apr-17 State Income taxes 546.92 Cash 546.92 15-Apr-17 FICA Taxes Payables - OASDI 1,068.88 FICA Taxes Payables - HI 249.98 Cash 1,318.86 15-Apr-17 Federal Income taxes 1,124.00 Cash 1,124.00 20-Apr-17 Salaries and Wages 5,850.00 Federal Income taxes 509.00 State Income taxes 128.90 Union dues 55.00 Cash 5,157.10 29-Apr-17 SUTA Payable 571.98 Cash 571.98 02-May-17 Union Dues 105.00 Cash 105.00 13-May-17 Salaries and Wages 5,810.00 Federal Income taxes 507.00 State Income taxes 125.05 Union dues 55.00 Cash 5,122.95 16-May-17 Federal Income taxes 1,074.00 Cash 1,074.00 31-May-17 Salaries and Wages 6,060.00 Federal Income taxes 533.00 State Income taxes 119.00 Union dues 50.00 Cash 5,358.00 03-Jun-17 Union Dues 105.00 Cash 105.00 15-Jun-17 Salaries and Wages 6,380.00 Federal Income taxes 549.00 State Income taxes 128.70 Union dues 50.00 Cash 5,652.30 15-Jun-17 Salaries and Wages 600.00 FUTA Payable 300.00 SUTA Payable 300.00 15-Jun-17 Federal Income taxes 1,040.00 Cash 1,040.00 30-Jun-17 Salaries and Wages 6,250.00 Federal Income taxes 538.00 State Income taxes 127.60 Union dues 50.00 Cash 5,534.40 30-Jun-17 Salaries and Wages 3,750.00 Vacation Accrual 3,750.00 30-Jun-17 Salaries and Wages 572.40 FUTA Payable 286.20 SUTA Payable 286.20 ACCOUNT - CASH Date Description Debit Credit BALANCE 01-Apr-17 Balance 57,673.56 57,673.56 01-Apr-17 Union Dues 100.00 57,573.56 15-Apr-17 Salaries & Wage 5,382.68 52,190.88 15-Apr-17 State Income Taxes 546.92 51,643.96 15-Apr-17 FICA Taxes Payable 1,068.88 50,575.08 15-Apr-17 SICA Taxes Payable 248.98 50,326.10 15-Apr-17 Federal Income Taxes 1,124.00 49,202.10 20-Apr-17 Salaries & Wage 5,157.10 44,045.00 29-Apr-17 SUTA Payable 571.98 43,473.02 02-May-17 Union Dues 105.00 43,368.02 13-May-17 Salaries & Wage 5,122.95 38,245.07 16-May-17 Federal Income Taxes 1,074.00 37,171.07 31-May-17 Salaries & Wage 5,358.00 31,813.07 03-Jun-17 Union Dues 105.00 31,708.07 15-Jun-17 Salaries & Wage 5,652.30 26,055.77 15-Jun-17 Federal Income Taxes 1,040.00 25,015.77 ACCOUNT - FICA TAXES PAYABLE - OASDI Date Description Debit Credit BALANCE 01-Apr-17 Balance 1,068.88 1,068.88 15-Apr-17 Cash 1,068.88 - ACCOUNT - FICA TAXES PAYABLE - HI Date Description Debit Credit BALANCE 01-Apr-17 Balance 249.98 249.98 15-Apr-17 Cash 249.98 - ACCOUNT - FUTA TAXES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 149.16 ACCOUNT - SUTA TAXES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 571.98 571.98 15-Apr-17 cash 571.98 - ACCOUNT - EMPLOYEES FIT PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 1,124.00 1,124.00 15-Apr-17 Cash 1,124.00 - 15-Apr-17 Salaries and wages 565.00 565.00 20-Apr-17 Salaries and wages 509.00 1,074.00 13-May-17 Salaries and wages 507.00 1,581.00 16-May-17 Cash 1,074.00 507.00 31-May-17 Salaries and wages 533.00 1,040.00 15-Jun-17 Salaries and wages 549.00 1,589.00 15-Jun-17 Cash 1,040.00 549.00 30-Jun-17 Salaries and wages 538.00 1,087.00 ACCOUNT - EMPLOYEES SIT PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 546.92 546.92 15-Apr-17 Salaries and wages 107.92 654.84 15-Apr-17 Cash 546.92 107.92 20-Apr-17 Salaries and wages 128.90 236.82 13-May-17 Salaries and wages 125.05 361.87 31-May-17 Salaries and wages 119.00 480.87 15-Jun-17 Salaries and wages 128.70 609.57 30-Jun-17 Salaries and wages 127.60 737.17 ACCOUNT - UNION DUES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 100.00 100.00 01-Apr-17 Cash 100.00 - 15-Apr-17 Salaries and wages 50.00 50.00 20-Apr-17 Salaries and wages 55.00 105.00 02-May-17 Cash 105.00 - 13-May-17 Salaries and wages 55.00 55.00 31-May-17 Salaries and wages 50.00 105.00 03-Jun-17 Cash 105.00 - 15-Jun-17 Salaries and wages 50.00 50.00 30-Jun-17 Salaries and wages 50.00 100.00 ACCOUNT - WAGES AND SALARIES Date Description Debit Credit BALANCE 01-Apr-17 Balance 71,360.00 71,360.00 15-Apr-17 Salaries and wages 6,105.00 77,465.00 20-Apr-17 Salaries and wages 5,850.00 83,315.00 13-May-17 Salaries and wages 5,810.00 89,125.00 31-May-17 Salaries and wages 6,060.00 95,185.00 15-Jun-17 Salaries and wages 6,380.00 1,01,565.00 30-Jun-17 Salaries and wages 6,250.00 1,07,815.00 ACCOUNT - PAYROLL TAXES Date Description Debit Credit BALANCE 01-Apr-17 Balance 6,846.74 JOURNAL Date Description Debit Credit 01-Apr-17 Union Dues 100.00 Cash 100.00 15-Apr-17 Salaries and Wages 6,105.00 Federal Income taxes 565.00 State Income taxes 107.32 Union dues 50.00 Cash 5,382.68 15-Apr-17 State Income taxes 546.92 Cash 546.92 15-Apr-17 FICA Taxes Payables - OASDI 1,068.88 FICA Taxes Payables - HI 249.98 Cash 1,318.86 15-Apr-17 Federal Income taxes 1,124.00 Cash 1,124.00 20-Apr-17 Salaries and Wages 5,850.00 Federal Income taxes 509.00 State Income taxes 128.90 Union dues 55.00 Cash 5,157.10 29-Apr-17 SUTA Payable 571.98 Cash 571.98 02-May-17 Union Dues 105.00 Cash 105.00 13-May-17 Salaries and Wages 5,810.00 Federal Income taxes 507.00 State Income taxes 125.05 Union dues 55.00 Cash 5,122.95 16-May-17 Federal Income taxes 1,074.00 Cash 1,074.00 31-May-17 Salaries and Wages 6,060.00 Federal Income taxes 533.00 State Income taxes 119.00 Union dues 50.00 Cash 5,358.00 03-Jun-17 Union Dues 105.00 Cash 105.00 15-Jun-17 Salaries and Wages 6,380.00 Federal Income taxes 549.00 State Income taxes 128.70 Union dues 50.00 Cash 5,652.30 15-Jun-17 Salaries and Wages 600.00 FUTA Payable 300.00 SUTA Payable 300.00 15-Jun-17 Federal Income taxes 1,040.00 Cash 1,040.00 30-Jun-17 Salaries and Wages 6,250.00 Federal Income taxes 538.00 State Income taxes 127.60 Union dues 50.00 Cash 5,534.40 30-Jun-17 Salaries and Wages 3,750.00 Vacation Accrual 3,750.00 30-Jun-17 Salaries and Wages 572.40 FUTA Payable 286.20 SUTA Payable 286.20 ACCOUNT - CASH Date Description Debit Credit BALANCE 01-Apr-17 Balance 57,673.56 57,673.56 01-Apr-17 Union Dues 100.00 57,573.56 15-Apr-17 Salaries & Wage 5,382.68 52,190.88 15-Apr-17 State Income Taxes 546.92 51,643.96 15-Apr-17 FICA Taxes Payable 1,068.88 50,575.08 15-Apr-17 SICA Taxes Payable 248.98 50,326.10 15-Apr-17 Federal Income Taxes 1,124.00 49,202.10 20-Apr-17 Salaries & Wage 5,157.10 44,045.00 29-Apr-17 SUTA Payable 571.98 43,473.02 02-May-17 Union Dues 105.00 43,368.02 13-May-17 Salaries & Wage 5,122.95 38,245.07 16-May-17 Federal Income Taxes 1,074.00 37,171.07 31-May-17 Salaries & Wage 5,358.00 31,813.07 03-Jun-17 Union Dues 105.00 31,708.07 15-Jun-17 Salaries & Wage 5,652.30 26,055.77 15-Jun-17 Federal Income Taxes 1,040.00 25,015.77 ACCOUNT - FICA TAXES PAYABLE - OASDI Date Description Debit Credit BALANCE 01-Apr-17 Balance 1,068.88 1,068.88 15-Apr-17 Cash 1,068.88 - ACCOUNT - FICA TAXES PAYABLE - HI Date Description Debit Credit BALANCE 01-Apr-17 Balance 249.98 249.98 15-Apr-17 Cash 249.98 - ACCOUNT - FUTA TAXES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 149.16 ACCOUNT - SUTA TAXES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 571.98 571.98 15-Apr-17 cash 571.98 - ACCOUNT - EMPLOYEES FIT PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 1,124.00 1,124.00 15-Apr-17 Cash 1,124.00 - 15-Apr-17 Salaries and wages 565.00 565.00 20-Apr-17 Salaries and wages 509.00 1,074.00 13-May-17 Salaries and wages 507.00 1,581.00 16-May-17 Cash 1,074.00 507.00 31-May-17 Salaries and wages 533.00 1,040.00 15-Jun-17 Salaries and wages 549.00 1,589.00 15-Jun-17 Cash 1,040.00 549.00 30-Jun-17 Salaries and wages 538.00 1,087.00 ACCOUNT - EMPLOYEES SIT PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 546.92 546.92 15-Apr-17 Salaries and wages 107.92 654.84 15-Apr-17 Cash 546.92 107.92 20-Apr-17 Salaries and wages 128.90 236.82 13-May-17 Salaries and wages 125.05 361.87 31-May-17 Salaries and wages 119.00 480.87 15-Jun-17 Salaries and wages 128.70 609.57 30-Jun-17 Salaries and wages 127.60 737.17 ACCOUNT - UNION DUES PAYABLE Date Description Debit Credit BALANCE 01-Apr-17 Balance 100.00 100.00 01-Apr-17 Cash 100.00 - 15-Apr-17 Salaries and wages 50.00 50.00 20-Apr-17 Salaries and wages 55.00 105.00 02-May-17 Cash 105.00 - 13-May-17 Salaries and wages 55.00 55.00 31-May-17 Salaries and wages 50.00 105.00 03-Jun-17 Cash 105.00 - 15-Jun-17 Salaries and wages 50.00 50.00 30-Jun-17 Salaries and wages 50.00 100.00 ACCOUNT - WAGES AND SALARIES Date Description Debit Credit BALANCE 01-Apr-17 Balance 71,360.00 71,360.00 15-Apr-17 Salaries and wages 6,105.00 77,465.00 20-Apr-17 Salaries and wages 5,850.00 83,315.00 13-May-17 Salaries and wages 5,810.00 89,125.00 31-May-17 Salaries and wages 6,060.00 95,185.00 15-Jun-17 Salaries and wages 6,380.00 1,01,565.00 30-Jun-17 Salaries and wages 6,250.00 1,07,815.00 ACCOUNT - PAYROLL TAXES Date Description Debit Credit BALANCE 01-Apr-17 Balance 6,846.74
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