The payroll register for Gamble Company for the week ended April 29 indicated th

Question

The payroll register for Gamble Company for the week ended April 29 indicated the following:

In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $10,000 of salaries.

For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Journalize the entry to record the payroll for the week of April 29.

b. Journalize the entry to record the payroll tax expense incurred for the week of April 29.

Salaries $549,000 Social security tax withheld 32,940 Medicare tax withheld 8,235 Federal income tax withheld 109,800

Explanation / Answer

Salaries expense 549000        Social security tax payable 32940        Medicare tax payable 8235        Federal income tax payable 109800         Salaries payable 398025 Payroll tax expense 41775        Social security tax payable 32940        Medicare tax payable 8235        State unemployment taxes payable 540        Federal unemployment taxes payable 60

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