On January 15, the end of the first biweekly pay period of the year, North Company;s payroll register showed that its employees earned $48,000 of sales salaries. Withholdings from the employees; salaries include FICA Social Security taxes at the rate of 6 2%, FICA Medicare taxes at the rate of 145%, $3.100 of federal income taxes, $1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company39;s January 15 (employee) payroll expenses and iabilities View transaction list Journal entry worksheet Record the employee payroll for period Notei Enter debits baface Credts, Date General Journal Debit Credit Jan 15 Sales saiañies expense 48,000 cA-Medicare faxes payable FICA Social sec taxes payable Employ es lfeinsurance payable Emoloyes unign dues payabls mplo ee fed inc tares payabe
On January 15, the end of the first biweekly pay period of the year, North Company;s payroll register showed that its employees earned $48,000 of sales salaries. Withholdings from the employees; salaries include FICA Social Security taxes at the rate of 6 2%, FICA Medicare taxes at the rate of 145%, $3.100 of federal income taxes, $1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period. Prepare the
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