Question : 45.Lila Harrison’s the sole employee of ABC Grocers. Her gross : 1168908

 

 

45.Lila Harrison’s is the sole employee of ABC Grocers. Her gross pay for the week was $400. She had deductions of $50 for federal income tax, $25 for social security tax, and $5.80 for Medicare tax. The journal entry to record her salary would include:   

A. a debit to Salaries Expense for $319.20

 

B. a debit to Salaries Expense for $400

 

C. a debit to Salaries Payable for $319.20

 

D. a credit to Salaries Payable for $400

 

 

 

46.Ramon Gonzalez’s gross pay for the week was $700. He had deductions of $85 for federal income tax, $43.40 for social security tax, $10.15 for Medicare tax as well as $5 for union dues. The journal entry to record his salary would include:   

A. a debit to Employee Income Tax Payable for $85

 

B. a credit to Employee Income Tax Payable for $85

 

C. a debit to Salaries Payable for $700

 

D. a debit to Salaries Expense for $556.45

 

 

 

 

47.The Social Security Tax Payable account will normally have a(n)   

A. debit balance.

 

B. credit balance.

 

C. debit or credit balance depending on the timing of payments.

 

D. zero balance.

 

 

 

 

48.ABC Grocers uses a separate checking account to pay their employees. The gross pay for the period was $850. However, after deductions were taken out, the net pay for the period was $790. The journal entry to record the issuanceof payroll checks to their employees would include:   

A. a debit to Salaries Expense for $790

 

B. a debit to Salaries Payable for $850

 

C. a debit to Salaries Payable for $790

 

D. a credit to Salaries Payable for $850

 

 

 

 

49.Junkman Autos uses a separate checking account to pay their employees. The gross pay for the period was $1000. However, after deductions were taken out, the net pay for the period was $820. The journal entry to record the issuanceof payroll checks to their employees is:   

A. 

 

 

B. 

 

 

C. 

 

 

D. 

 

 

 

 

 

50.Identify the list of accounts below that would normally all have a debit balance.   

A. Salaries Expense, Salaries Payable, Cash

 

B. Salaries Payable, Medicare Tax Payable, Office Salaries Expense

 

C. Cash, Salaries Expense, Insurance Expense

 

D. Employee Income Tax Payable, Social Security Tax Payable, Wages Expense

 

 

 

 

51.Identify the list of accounts below that would normally all have a credit balance.   

A. Salaries Payable, Employee Income Tax Payable, Owner’s Capital

 

B. Salaries Payable, Prepaid Insurance, Medicare Tax Payable

 

C. Wages Expense, Salaries Payable, Equipment

 

D. Employee Income Tax Payable, Social Security Tax Payable, Salaries Expense

 

 

 

 

52.The column totals in a payroll register   

A. are used in the journal entry to record the payroll.

 

B. are posted directly to the general ledger accounts.

 

C. are unnecessary.

 

D. are used at the end of the year to record payroll taxes owed to the IRS.

 

 

 

 

53.The amount debited to Wages Expense when a payroll is recorded is the   

A. regular gross earnings.

 

B. earnings after taxes.

 

C. net earnings.

 

D. total gross earnings.

 

 

 

 

54.When checks are issued to employees after the entry to record the payroll has been made, the accountant would   

A. debit Salaries Expense, debit Wages Expense, and credit Cash.

 

B. debit Salaries and Wages Payable, debit Social Security Tax Payable, debit Medicare Tax Payable, debit Employee Income Tax Payable, and credit Cash.

 

C. debit Salaries and Wages Payable and credit Cash.

 

D. debit Salaries and Wages Payable and credit Salaries Expense and Wages Expense.