FORM 8109, FEDERAL DEPOSIT COUPON Lesson 14-4 FORM 8109, FEDERAL DEPOSIT COUPON Lesson 14-4, page 347

JOURNALIZING PAYMENT OF LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX January 15. Paid cash for liability for employee income tax, $542.00; social security tax, $985.40; and Medicare tax, $227.42; total, $1,754.82. Check No. 330. Accounts Affected Employee Inc. Tax Pay. Social Security Tax Pay. Medicare Tax Payable Cash Classification Liability Asset Change Decreased Entered Debit side Credit side Cash Medicare Tax Payable Social Security Tax Payable Employee Inc. Tax Payable normal balance normal balance normal balance  542.00  985.40  227.42 normal balance 1,754.82  Lesson 14-4 page 348

JOURNALIZING PAYMENT OF LIABILITY FOR EMPLOYEE INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX 1 3 5 4 2 1. Write the date. 2. Write the title of the three accounts debited. 3. Write the check number. 4. Write the three debit amounts. 5. Write the amount of the credit to Cash. Lesson 14-4, page 348

PAYING THE LIABILITY FOR FEDERAL UNEMPLOYMENT TAX Lesson 14-4, page 349

JOURNALIZING PAYMENT OF LIABILITY FOR FEDERAL UNEMPLOYMENT TAX January 31. Paid cash for federal unemployment tax liability for quarter ended December 31, $8.40. Check No. 343. Accounts Affected Unemployment Tax Payable—Federal Cash Classification Liability Asset Change Decreased Entered Debit side Credit side Unemployment Tax Payable—Federal Cash normal balance normal balance 8.40 8.40   Lesson 14-4, page 350

JOURNALIZING PAYMENT OF LIABILITY FOR FEDERAL UNEMPLOYMENT TAX 1 2 3 4 5 1. Write the date. 2. Write the title of the account debited. 3. Write the check number. 4. Write the debit amount. 5. Write the amount of the credit to Cash. Lesson 14-4, page 350

JOURNALIZING PAYMENT OF LIABILITY FOR STATE UNEMPLOYMENT TAX 1 2 3 4 5 1. Write the date. 2. Write the title of the account debited. 3. Write the check number. 4. Write the debit amount. 5. Write the amount of the credit to Cash. Lesson 14-4, page 350