Record payroll for period.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Journal entry worksheet
1
Record payroll for period.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
January 31
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Transcribed Image Text:QS 9-7 (Algo) Recording employee payroll taxes LO P2
During the month of January, an employee earned $5,100 of salary. Withholdings from the employee's salary consist of FICA Social
Security taxes of $316.20, FICA Medicare taxes of $73.95, federal income taxes of $543.15, and medical insurance deductions of
$216.75. 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.)
C02
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Journal entry worksheet
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Record payroll for period.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
January 31
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3 of 6
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