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Journalize the entry

Accounting
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According to the accountant of Ulster Inc., its payroll taxes for the week were as follows: $139.15 for FICA taxes, $20.18 for federal unemployment taxes, and $99.55 for state unemployment taxes.


Journalize the entry to record the accrual of the payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 10.50.)

Account Titles and ExplanationDebitCredit
 
 
 
 
Apr 22nd, 2015

Account Titles
Debit
Credit
FICA Taxes Expense
$139.15

FUTA Taxes Expenses
  $20.18

SUTA Taxes Expenses
  $99.55

 Payroll Taxes Payable
 $ 258.88

To record FICA, FUTA, and SUTA taxes expenses for the payroll period of XXXX.

Apr 22nd, 2015

Thanks! 

Apr 22nd, 2015

Happy to help with more questions.

Apr 22nd, 2015

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