Withheld $890 for federal income taxes, $166.20 for state income taxes, and $140 for union dues.ġ5. Payroll: $8,310.All wages and salaries taxable. Paid the treasurer of the union the amount of union dues withheld from workers’ earnings during March.ġ5. Post the journal entries to the general ledger accounts on pages 6-74 to 6-79.Īpr. Omit the writing of explanations in the journal entries.ī. Use the two-column journal paper provided on pages 6-70 to 6-73. Analyze and journalize the transactions described in the following narrative. Refer to the Illustrative Case on pages 6-23 to 6-29 and proceed as follows:Ī. In this problem, you are to record the payroll transactions for the last quarter of the firm's fiscal year. In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, journalized, and posted for the third quarter of the fiscal year.
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