Instructions The payroll register of Heritage Co. indicates $13,320 of social security withheld and $3,330 of Medicare tax withheld on total salaries of $222,000 for the period. Federal withholding for the period totaled $43,180. Retirement savings withheld from employee paychecks were $2,040 for the period. Journalize the entry to record the period's payroll. General Journal On December 31, journalize the entry to record the period's payroll. General Journal Instructions How does grading work? DATE 1 Dec. 31 Salaries Expense 2 3 DESCRIPTION Social Security Tax Payable Medicare Tax Payable Employees State Income Tax Payable 4 5 Employees Federal Income Tax Payable 6 Retirement Savings Deductions Payable Check My Work 1 more Check My Work uses remaining. JOURNAL Score: 49/73 POST. REF. DEBIT CREDIT Shaded cells have feedback. PAGE 1 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY 13,320.00 ↑ 3,330.00 ✓ ↑ 2,040.00 ↑ Next>
Instructions The payroll register of Heritage Co. indicates $13,320 of social security withheld and $3,330 of Medicare tax withheld on total salaries of $222,000 for the period. Federal withholding for the period totaled $43,180. Retirement savings withheld from employee paychecks were $2,040 for the period. Journalize the entry to record the period's payroll. General Journal On December 31, journalize the entry to record the period's payroll. General Journal Instructions How does grading work? DATE 1 Dec. 31 Salaries Expense 2 3 DESCRIPTION Social Security Tax Payable Medicare Tax Payable Employees State Income Tax Payable 4 5 Employees Federal Income Tax Payable 6 Retirement Savings Deductions Payable Check My Work 1 more Check My Work uses remaining. JOURNAL Score: 49/73 POST. REF. DEBIT CREDIT Shaded cells have feedback. PAGE 1 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY 13,320.00 ↑ 3,330.00 ✓ ↑ 2,040.00 ↑ Next>
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.1: Recording A Payroll
Problem 1OYO
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