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(Solved): Question 2: The total payroll of Blue Hens Company for the month of October, Year 1 was $1,000,000. ...



Question 2: The total payroll of Blue Hens Company for the month of October, Year 1 was

$1,000,000

. Related to that payroll, Blue Hens withheld

$200,000

of federal income taxes,

$72,000

of social security (FICA) and medicare taxes, and

$5,000

of union dues. Blue Hens also paid the following payroll taxes:

$72,000

of social security (FICA) and medicare taxes,

$10,000

of federal unemployment taxes, and

$3,000

of state unemployment taxes. Write the journal entry or entries that Blue Hens must record related to its payroll in the space below on October 31, Year 1. Assume Blue Hens paid its employees in cash on October

31^(st )

but will pay all taxes and withholdings later in November.



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