Accounting Help?

Question

John Banks earned a salary of $9,000 for Jan. The employee FICA taxes are $720. Federal unemployment insurance taxes are 0.8% of the first $7,000 and the state unemployment insurance taxes are 5.4% on the first $7,000. Banks had 1,300 withheld for federal income taxes and $500 was withheld for state income taxes.


1. Prepare a General Journal entry to record the payroll expense for John Banks' January salary (no explanations required)


2. Prepare a General Journal entry to record the employer payroll tax expense for the employment of John Banks for the month of January ( no explanations required

Answer 1

1. Prepare a General Journal entry to record the payroll expense for John Banks' January salary (no explanations required)
Dr Banks' salary 9,000
Cr FICA tax payable 720
Cr Federal income tax withholdings payable 1,300
Cr State income tax withholdings payable 500
Cr Net payroll payable 6,480

2. Prepare a General Journal entry to record the employer payroll tax expense for the employment of John Banks for the month of January ( no explanations required
Dr FICA expense 720
Dr Fed unemp tax expense 56
Dr State unemp tax expense 378
Cr FICA tax payable 720
Cr Fed unemp tax payable 56
Cr State unemp tax payable 378

Answer 2

This isn't "help" ... This is asking someone to do your homework