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ournalize period F

ournalize period F

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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> Assignment 11 Chapter 11 Unit 5 Journalize period payroll Instructions Chart of Accounts Journal Instructions The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Federal withholding for the period totaled $37,420. < Required: On December 31, provide the journal entry for the period's payroll. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts ASSETS CHART OF ACCOUNTS Clapton Co. General Ledger REVENUE
Transcribed Image Text:> Assignment 11 Chapter 11 Unit 5 Journalize period payroll Instructions Chart of Accounts Journal Instructions The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Federal withholding for the period totaled $37,420. < Required: On December 31, provide the journal entry for the period's payroll. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts ASSETS CHART OF ACCOUNTS Clapton Co. General Ledger REVENUE
> Assignment 11 Chapter 11 Unit 5 Journalize period payroll Instructions Chart of Accounts Journal Instructions The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Federal withholding for the period totaled $37,420. < Required: On December 31, provide the journal entry for the period's payroll. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts ASSETS CHART OF ACCOUNTS Clapton Co. General Ledger REVENUE
Transcribed Image Text:> Assignment 11 Chapter 11 Unit 5 Journalize period payroll Instructions Chart of Accounts Journal Instructions The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Federal withholding for the period totaled $37,420. < Required: On December 31, provide the journal entry for the period's payroll. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Chart of Accounts ASSETS CHART OF ACCOUNTS Clapton Co. General Ledger REVENUE
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