FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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O
The totals from the first payroll of the year are shown below.
Total
FICA
HI
Earnings
$36,195.10
$524.83
FICA
OASDI
$2,244.10
FIT
W/H
$6,515.00
State
Tax
$361.95
Union
Dues
$500.00
Net
Pay
$26,049.22
Journalize the entry to record the payroll.
For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places.
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Transcribed Image Text:O The totals from the first payroll of the year are shown below. Total FICA HI Earnings $36,195.10 $524.83 FICA OASDI $2,244.10 FIT W/H $6,515.00 State Tax $361.95 Union Dues $500.00 Net Pay $26,049.22 Journalize the entry to record the payroll. For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places.
For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places.
Employees FIT Expense
Employees SIT Expense
FICA Taxes Payable-HI
FICA Taxes Payable-OASDI
Wages Expense
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Transcribed Image Text:For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Employees FIT Expense Employees SIT Expense FICA Taxes Payable-HI FICA Taxes Payable-OASDI Wages Expense
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