Payroll Entries Frawley Corporation’s payroll journal for the period ended March

ID: 2471808 • Letter: P

Question

Payroll Entries

Frawley Corporation’s payroll journal for the period ended March 31, 2016 showed the following totals:

Gross wages $26,000

Federal withholding 2,700

State withholding 1,050

FICA withholding 1,612

Medicare withholding 377

Net pay $20,261

a). Give the journal entry to record the payroll for March 31, 2016.

b). Give the journal entry to record the employer’s share of FICA ($1,612) and Medicare tax ($377)

c). Give the journal entry to record remitting (paying) the state income tax withheld

a.) journal entry to record the payroll for the march 31, 2016

salaries alc dr 26000

federal holding a/c dr 2700

state holding a/c dr 1050

FICA a/c dr 1612

medical withholding a/c dr 377

to Outstanding salaries a/c 20261

b) employer share for FICA and Medicare Tax

FICA a/c dr 1612

medical tax a/c dr 377

to Outstanding Fica 1612

to outstanding Medicare tax 377

c.) Journal entry for paying the state income tax

income tax a/c dr 1050

to bank a/c 1050

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