Tacy Company's Schedule of Earnings and Payroll taxes for the period ended March 28 - 31 to be paid April 5 follow: Prepare the journal entries to:
(a)Accrue the payroll in the appropriate period
(b)Distribute the accrued payroll in the appropriate period
(c)Recognize related accrued employer's payroll taxes in the appropriate period assuming payroll taxes are spread over all jobs produced.

Question

Tacy Company's Schedule of Earnings and Payroll taxes for the period ended March 28 - 31 to be paid April 5 follow:  Prepare the journal entries to:
(a)Accrue the payroll in the appropriate period
(b)Distribute the accrued payroll in the appropriate period
(c)Recognize related accrued employer's payroll taxes in the appropriate period assuming payroll taxes are spread over all jobs produced.

Quizplus · Accepted Answer

The Answer of Tacy Company's Schedule of Earnings and Payroll taxes for the period ended March 28 - 31 to be paid April 5 follow:  Prepare the journal entries to:
(a)Accrue the payroll in the appropriate period
(b)Distribute the accrued payroll in the appropriate period
(c)Recognize related accrued employer's payroll taxes in the appropriate period assuming payroll taxes are spread over all jobs produced.

Tacy Company's Schedule of Earnings and Payroll Taxes for the Period