if the working papers correlating with this textbook are not used omit problem 11 4a 554286

PR 11-4A Payroll register

If the working papers correlating with this textbook are not used, omit Problem 11-4A. The payroll register for Knapp Co. for the week ended September 14, 2012, is presented in the working papers.

Instructions

1. Journalize the entry to record the payroll for the week.

2. Journalize the entry to record the issuance of the checks to employees.

3. Journalize the entry to record the employer’s payroll taxes for the week. Assume the following tax rates: state unemployment, 3.6%; federal unemployment, 0.8%. Of the earnings, $2,000 is subject to unemployment taxes.

4. Journalize the entry to record a check issued on September 17 to Fourth National Bank in payment of employees’ income taxes, $2,062.17, social security taxes, $1,463.88, and Medicare taxes, $365.98.