subject
Business, 12.03.2021 15:30 tristanthecat

The following payroll liability accounts are included in the ledger of Devito Company on January 1, 2020: FICA Taxes Payable $1,750
Federal Income Taxes Payable 4,000
State Income Taxes Payable 665
Federal Unemployment Taxes Payable 175
State Unemployment Taxes Payable 1,190
Union Dues Payable 400
Health Insurance Payable 5,000
U. S. Savings Bonds Payable 1,500

In January, the following transactions occurred:

Jan.
9 Sent a check for $5,000 to Blue Cross and Blue Shield.
11 Deposited a check for $5,750 in Federal Reserve Bank for FICA taxes and federal income taxes withheld.
14 Sent a check for $400 to the union treasurer for union dues.
18 Paid state income taxes withheld from employees.
21 Paid state and federal unemployment taxes.
22 Purchased U. S. Savings Bonds for employees by writing a check for $1,500.

Required:
Journalize the January transactions.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:20
Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show
Answers: 2
question
Business, 21.06.2019 23:00
Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
Answers: 2
question
Business, 22.06.2019 06:30
Double corporation acquired all of the common stock of simple company for
Answers: 2
question
Business, 22.06.2019 07:00
Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?
Answers: 2
You know the right answer?
The following payroll liability accounts are included in the ledger of Devito Company on January 1,...
Questions
question
Mathematics, 02.04.2021 19:50
question
Computers and Technology, 02.04.2021 19:50
question
Biology, 02.04.2021 19:50
question
Mathematics, 02.04.2021 19:50
question
English, 02.04.2021 19:50
Questions on the website: 13722363