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Selected data from the February payroll register for Cheney Company are given below:
Few amounts are intentionally omitted.

Gross earnings:

Regular                              $11,100         State income taxes
Overtime                           Union dues     100
Total                                 Total deductions
Deductions:                                      Net pay Accounts debited:
FICA taxes                         $1,000            Warehouse wages
Federal income taxes         1,420              Store wages    $5,000

FICA taxes are 8%. State income taxes are 4% of gross earnings.

Requirements:

1) Fill up the missing amounts.

2) Journalize February payroll and payment of a payroll.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M99499

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