JulyDATE14CASH PAYMENTS JOURNALACCOUNT TITLESalary ExpenseFederal Income Tax PayableSocial Security Tax PayableMedicare Tax PayableDirections for Assignment A:Salary ExpenseCK.NO.521Medicare Tax PayableDEBITGENERAL3,149.002CREDIT283.41195.2445.663ACCOUNTSPAYABLEDEBITFederal Income Tax PayableICashPAGE4PURCHASESDISCOUNTCREDIT85Geeknet Company's payroll register has the following totals for the weekly pay period August 1-7.Record and journalize the following payroll items.Total Earnings = $8250.00; Federal Income Tax Withheld = $742.50; Social Security Tax Withheld = $511.50; Medicare Tax Withheld = $119.631. Use the T-Accounts to analyze Geeknet's payroll.2. Journalize the payment of Geeknet's payroll on page 12 of the Cash Payments Journal. The payroll was paid on August 7 using check #122.CASHCREDIT2,624.69Social Security Tax Payable DATECASH PAYMENTS JOURNAL1ACCOUNT TITLESalary ExpenseCK.NO.Medicare Tax PayableDEBITGENERAL2CREDITCashFederal Income Tax Payable3ACCOUNTSPAYABLEDEBITDirections for Assignment B:Dottie's Dollar Store payroll register has the following totals for the weekly pay period November 8-14.Record and journalize the following payroll items.Total Earnings = $2500.00; Federal Income Tax Withheld = $225.50; Social Security Tax Withheld = $155.00; Medicare Withheld = $36.25.1. Use the T-Accounts to analyze Dottie's payroll.2. Journalize the payment of Dottie's payroll on page 16 of the Cash Payments Journal. The payroll was paid on November 14 with check #865.PAGE4PURCHASESDISCOUNTCREDITCASHCREDITSocial Security Tax Payable

Cash Payment Journal All cash payments (or disbursements) made by the company are recorded in a cash…

irections for Assignment A: eeknet Company's payroll register has the following totals for the weekly pay period August 1-7. Record and journalize the following payroll items. otal Earnings $8250.00; Federal Income Tax Withheld = $742.50; Social Security Tax Withheld = $511.50; Medicare Tax Withheld = $119.63

irections for Assignment A: eeknet Company's payroll register has the following totals for the weekly pay period August 1-7. Record and journalize the following payroll items. otal Earnings $8250.00; Federal Income Tax Withheld = $742.50; Social Security Tax Withheld = $511.50; Medicare Tax Withheld = $119.63

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes

Section: Chapter Questions

Problem 33P

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