During the month of January, an employee earned $4,800 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $297.60, FICA Medicare taxes of $69.60, federal income taxes of $511.20, and medical insurance deductions of $204.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record payroll for period. Note: Enter debits before credits. Date January 31 General Journal Debit Credit >
During the month of January, an employee earned $4,800 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $297.60, FICA Medicare taxes of $69.60, federal income taxes of $511.20, and medical insurance deductions of $204.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record payroll for period. Note: Enter debits before credits. Date January 31 General Journal Debit Credit >
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 4PA
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Question
![During the month of January, an employee earned $4,800 of salary. Withholdings from the employee's salary consist of FICA Social
Security taxes of $297.60, FICA Medicare taxes of $69.60, federal income taxes of $511.20, and medical insurance deductions of
$204.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid
in early February. (Round your final answers to 2 decimal places.)
View transaction list
Journal entry worksheet
1
Record payroll for period.
Note: Enter debits before credits.
Date
January 31
General Journal
Debit
Credit
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96ccea39-6e20-4e83-b9fb-b22d2ae10407%2Fbb486667-620e-41cb-8dc9-358981aaa645%2Fdxhq74v_processed.png&w=3840&q=75)
Transcribed Image Text:During the month of January, an employee earned $4,800 of salary. Withholdings from the employee's salary consist of FICA Social
Security taxes of $297.60, FICA Medicare taxes of $69.60, federal income taxes of $511.20, and medical insurance deductions of
$204.00. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid
in early February. (Round your final answers to 2 decimal places.)
View transaction list
Journal entry worksheet
1
Record payroll for period.
Note: Enter debits before credits.
Date
January 31
General Journal
Debit
Credit
>
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