PROBLEM 8B-1 (CONTINUED)
(2)
Feb.
15
FICA OASDI Payable
1
1
0
7
32
FICA Medicare Payable
2
5
8
98
FIT Payable
1
1
1
3
00
Cash
2
4
7
9
30
Deposit Form 941 Taxes For Feb. 15:
Apr.
15
FICA OASDI Payable
0
7
8
18
FICA Medicare Payable
2
5
2
16
FIT Payable
6
7
7
00
3
0
0
7
34
Deposit Form 941 Taxes For April 15:
PROBLEM 8B-2 (CONTINUED)
PROBLEM 8B-3
2.
Oct.
31
Payroll Tax Expense
7
7
2
65
FICA OASDI Payable
6
2
6
20
FICA Medicare Payable
1
4
6
45
Record employer’s payroll tax
Nov.
30
Payroll Tax Expense
6
2
5
93
FICA OASDI Payable
4
7
3
68
FICA Medicare Payable
1
5
2
25
Record employer’s payroll tax
Dec.
31
Payroll Tax Expense
6
7
7
86
FICA OASDI Payable
5
0
0
96
FICA Medicare Payable
1
7
6
90
Record employer’s payroll tax
3.
Nov
15
FICA OASDI Payable
1
2
5
2
40
FICA Medicare Payable
2
9
2
90
FIT Payable
1
4
9
0
00
Cash
3
0
3
5
30
Deposit Form 941 Taxes
FICA Medicare Payable
3
0
4
50
FIT Payable
6
2
9
00
2
8
8
0
86
Jan.
FICA OASDI Payable
0
0
1
92
FICA Medicare Payable
3
5
3
80
FIT Payable
0
4
6
00
Cash
3
4
0
1
72
Deposit Form 941 Taxes
PROBLEM 8B-3 (CONTINUED)
Jan.
31
FUTA Tax Payable (0.006 x $21,000)
1
2
6
00
SUTA Tax Payable (0.057 x $21,000)
1
1
9
7
00
Cash
1
3
2
3
00
Payment of unemployment taxes
PROBLEM 8B-3 (CONTINUED)
Copyright © 2016 Pearson Education, Inc.
8-27
PROBLEM 8B-3 (CONCLUDED)
Copyright © 2016 Pearson Education, Inc.
8-28
PROBLEM 8B-4
Copyright © 2016 Pearson Education, Inc.
8-29
PROBLEM 8B-4 (CONCLUDED)
READING THE ANNUAL REPORT—2013 KELLOGG’S ANNUAL REPORT