Tuesday 3/24: I will now be using Google Classroom for all of our work. If you have problems accessing my class in Google Classroom, please email me. We will still be doing all of our work in Cengage. I will just post the assignment in Google Classroom for the day in the morning between 8-12. If you have any questions or problems, I will be available by email.

Monday 3/23: Open Mastery Problem 13-M (Static) in the Test Your Understanding Folder. You are only responsible for the 4 transactions on January 15th for today. You can use the Mastery Problem 13-M (Randomized) as your guide. This is the problem that will be graded. Remember do not Grade step 1 until you are finished with the entire tab which will not be until Wednesday.

Hints:

Transaction 1: This transaction goes in the Cash Payments Journal. Use the amounts given, Social Security and Medicare do not need to be doubled. Refer to Mastery Problem 13-M (Randomized) for help.

Transaction 2: This transaction goes in the Cash Payments Journal. Refer to Mastery Problem 13-M (Randomized) for help. You must calculate the Social Security (.062 X Total Earnings) and Medicare (.0145 X Total Earnings). The Cash Credit will be the Total Earnings (Salary Expense) - (minus or subtract) Total Deductions (Employee Income Tax, Social Security Tax, Medicare Tax and Medicare Insurance)

Transaction 3: This transaction goes in the General Journal. Refer to Mastery Problem 13-M (Randomized) for help. You must calculate the following taxes which will all be credits. Social Security and Medicare will be the same from the previous transaction in the Cash Payments Journal. Unemployment Tax Payable - Federal and Unemployment Tax Payable - State must be calculated (.008 X Total Earnings and .054 X Total Earnings). Note that the salary expense transaction and the payroll taxes expense transaction (transactions 2 & 3) always follow each other.

Transaction 4: This transaction goes in the Cash Payments Journal. Debit Medical Insurance Payable and Credit Cash for the amount given. Refer to Mastery Problem 13-M (Randomized) for help.

I will post these assignments to my teacher page on vhstigers.org where the link to cengage is too. If you cannot login contact me and I will reset your password. The cengage link is: nglsync.cengage.com

Mr. Castillo

Friday 3/20: I have turned Mastery Problem 13-M Randomized into a practice problem. Check your work and learn from your errors. We will be doing a problem very similar to this one next week. I will leave this problem open for your reference.

Mr. Castillo

Thursday 3/18: Open Mastery Problem 13-M (Randomized) in the Test Your Understanding Folder. You will be finishing the transactions that are on Feb. 15th (transactions 9-11). We will check our answers so do the best you can. Don’t worry about making mistakes we will fix them on Friday. Remember do not Grade step 1 until you are finished with the entire problem.

Transaction 9: This transaction goes in the Cash Payments Journal. Calculate the Employee Income Tax Payable (add the 2 previous amounts in the General Credit Column of the Employee Income Tax Payable) and put the amount in General Debit. Calculate the Social Security Tax Payable and Medicare Tax Payable (add the 4 amounts in the General Credit Columns in the Cash Payments and General Journals) and put the amount in General Debit. Add the three amounts in the General Debit and the total goes in Cash Credit. Refer to Work Together 13-4 for help.

Transaction 10: This transaction goes in the Cash Payments Journal. Refer to Work Together 13-1 for help and you must add an account for Medical Insurance. You must calculate the Social Security (.062 X Total Earnings) and Medicare (.0145 X Total Earnings). The Cash Credit will be the Total Earnings (Salary Expense) - (minus or subtract) Total Deductions (Employee Income Tax, Social Security Tax, Medicare Tax and Medicare Insurance)

Transaction 11: This transaction goes in the General Journal. Refer to Work Together 13-2 for help. You must calculate the following taxes which will all be credits. Social Security and Medicare will be the same from the previous transaction in the Cash Payments Journal. Unemployment Tax Payable - Federal and Unemployment Tax Payable - State must be calculated (.008 X Total Earnings and .054 X Total Earnings). Note that the salary expense transaction and the payroll taxes expense transaction (transactions 2 & 3) always follow each other.

Grade Step 1 when you are finished. Go to Step 2 and add all of the columns. Use the 15th as the date for the totals no month needs to be entered. Put a 0 in the columns that are blank for the totals. Write Totals in the Account Title.

Grade Step 2 and we will turn it into a practice problem tomorrow.

Wednesday 3/18: Open Mastery Problem 13-M (Randomized) in the Test Your Understanding Folder. You are only responsible for the 4 transactions on January 31st for today (5-8 counting the ones you did yesterday). We will check our answers so do the best you can. Don’t worry about making mistakes we will fix them on Friday. Remember do not Grade step 1 until you are finished with the entire problem which will not be until Thursday.

Transaction 5: This transaction goes in the Cash Payments Journal. Refer to Work Together 13-1 for help and you must add an account for Medical Insurance. You must calculate the Social Security (.062 X Total Earnings) and Medicare (.0145 X Total Earnings). The Cash Credit will be the Total Earnings (Salary Expense) - (minus or subtract) Total Deductions (Employee Income Tax, Social Security Tax, Medicare Tax and Medicare Insurance)

Transaction 6: This transaction goes in the General Journal. Refer to Work Together 13-2 for help. You must calculate the following taxes which will all be credits. Social Security and Medicare will be the same from the previous transaction in the Cash Payments Journal. Unemployment Tax Payable - Federal and Unemployment Tax Payable - State must be calculated (.008 X Total Earnings and .054 X Total Earnings). Note that the salary expense transaction and the payroll taxes expense transaction (transactions 2 & 3) always follow each other.

Transaction 7: This transaction goes in the Cash Payments Journal. Debit Unemployment Tax Payable-Federal and Credit Cash for the amount given.

Transaction 8: This transaction goes in the Cash Payments Journal. Debit Unemployment Tax Payable-State and Credit Cash for the amount given.

We will finish the problem tomorrow and check our answers on Friday.

I will post these assignments to my teacher page on vhstigers.org where the link to cengage is too. If you cannot login contact me and I will reset your password. The cengage link is: nglsync.cengage.com

Mr. Castillo