Journalizing payroll and payment of payroll


Q1) Selected data from February payroll register for Cheney Company are given below.

Some amounts are intentionally lost.

Gross earnings:

Regular

$11,100

State income taxes

 

Overtime

 

Union dues

100

Total

 

Total deductions

 

Deductions:                                         Net pay Accounts debited:

FICA taxes

$1,000

Warehouse wages

 

Federal income taxes

1,420

Store wages

$5,000

FICA taxes are 8%. State income taxes are 4% of gross earnings.

i) Fill in missing amounts.

ii) Journalize February payroll and payment of payroll.

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Accounting Basics: Journalizing payroll and payment of payroll
Reference No:- TGS016779

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