Continuing Payroll Project: Prevosti Farms and Sugarhouse Complete the Payroll Register for the February and March biweekly pay periods, assuming benefits went into effect as anticipated. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. Complete the General Journal entries as follows: February 10 Journalize the employee pay. February 10 Journalize the employer payroll tax for the February 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 13 Issue the employee pay. February 24 Journalize the employee pay. February 24 Journalize the employer payroll tax for the February 24 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base.page 343 February 27 Issue the employee pay. March 10 Journalize employee pay. March 10 Journalize employer payroll tax for the March 10 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed the FUTA or SUTA wage base. March 14 Issue employee pay. March 24 Journalize employee pay. March 24 Journalize employer payroll tax for the March 24 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed FUTA or SUTA wage base. March 28 Issue employee pay. Post all journal entries to the appropriate General Ledger accounts. Account: Cash 101 Account: Employee Federal Income Tax Payable 203 Account: Social Security Tax Payable 204 Account: Medicare Tax Payable 205 page 345 Account: Employee State Income Tax Payable 206 Account: 401(k) Contributions Payable 208 Account: Health Insurance Payable 209 Account: Salaries and Wages Payable 210 Account: FUTA Tax Payable 211 page 346 Account: SUTA Tax Payable 212 Account: Payroll Taxes Expense 514 Account: Salaries and Wages Expense 515 Document Preview: Continuing Payroll Project: Prevosti Farms and Sugarhouse Complete the Payroll Register for the February and March biweekly pay periods, assuming benefits went into effect as anticipated. Use the Wage Bracket Method Tables for Income Tax Withholding in HYPERLINK https://jigsaw.vitalsource.com/books/1260524787/epub/OEBPS/22_App_c.xhtml Appendix C. Complete the General Journal entries as follows: February 10Journalize the employee pay.February 10Journalize the employer payroll tax for the February 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base.February 13Issue the employee pay.February 24Journalize the employee pay.February 24Journalize the employer payroll tax for the February 24 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base.page 343February 27Issue the employee pay.March 10Journalize employee pay.March 10Journalize employer payroll tax for the March 10 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed the FUTA or SUTA wage base.March 14Issue employee pay.March 24Journalize employee pay.March 24Journalize employer payroll tax for the March 24 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed FUTA or SUTA wage base.March 28Issue employee pay. Post all journal entries to the appropriate General Ledger accounts. Account: Cash101 Account: Employee Federal Income Tax Payable203 Account: Social Security Tax Payable204 Account: Medicare Tax Payable205 page 345 Account: Employee State Income Tax Payable206 Account: 401(k) Contributions Payable208 Account: Health Insurance Payable209 Account: Salaries and Wages Payable210 Account: FUTA Tax Payable 211 page 346 Account: SUTA Tax Payable212 Account: Payroll Taxes Expense514 Account: Salaries and Wages Expense515 Attachments: Continuing-Pa.docx

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