For the year ended December 31, 2010, Blasing Electrical Repair Company

| June 14, 2018

For the year ended December 31, 2010, Blasing Electrical Repair Company reports the following summary payroll data..transtutors.com/Transtutors001/Images/Transtutors001_295b3ed6-e96c-49c0-825e-9ab401183e38.PNG”>Blasing Company’s payroll taxes are: FICA 8%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to FICA taxes total $485,000, and gross earnings subject to unemployment taxes total $135,000.Instructions(a) Prepare a summary journal entry at December 31 for the full year’s payroll.(b) Journalize the adjusting entry at December 31 to record the employer’s payroll taxes.(c) The W-2 Wage and Tax Statement requires the following dollardata..transtutors.com/Transtutors001/Images/Transtutors001_29a7b0c5-e9a7-4a9d-b82e-c54d30214a5e.PNG”>

Order your essay today and save 20% with the discount code: ESSAYHELP
Order your essay today and save 20% with the discount code: ESSAYHELPOrder Now