Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 38

Francisco Company has 10 employees, each of whom earns $2,800 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger:
a. FICA-Social Security Taxes Payable, $3,472; FICA-Medicare Taxes Payable, $812. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.)
b. Employees' Federal Income Taxes Payable, $4,000 (liability for February only).
c. Federal Unemployment Taxes Payable, $336 (liability for January and February together).
d. State Unemployment Taxes Payable, $2,240 (liability for January and February together). During March and April, the company had the following payroll transactions.

30 Mailed Form 941 to the IRS, reporting the FICA taxes and the employees' federal income tax withholdings for the first quarter.
Required
Prepare journal entries to record the transactions and events for both March and April.