How do I jounalize the enties for a and b? a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How do I jounalize the enties for a and b?

a. Journalize the entry to record the payroll for the week of May 18.
b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.

Payroll entries
Instructions Chart of Accounts General Journal
Instructions
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Salaries
Federal income tax withheld
$659,000
131,800
The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were
computed at the rate of 5.4% and 0.8%, respectively, on $12,521 of salaries.
Required:
a. Journalize the entry to record the payroll for the week of May 18.
b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
Transcribed Image Text:Payroll entries Instructions Chart of Accounts General Journal Instructions The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries Federal income tax withheld $659,000 131,800 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.8%, respectively, on $12,521 of salaries. Required: a. Journalize the entry to record the payroll for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
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Introduction:

The journal is the book of prime entries, also known as the book of original entries. That is, transactions are first recorded here, and it is the most essential book of accounts. The transactions are documented systematically and chronologically. They are entered to indicate which accounts should be debited or credited. The method of recording transactions in a "Journal " is Said to be "Journalising the entries."

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