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Record payroll for period.

Record payroll for period.

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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gnment Saved Journal entry worksheet 1 Record payroll for period. Note: Enter debits before credits. Date General Journal Debit Credit January 31 < Prev 3 of 6 Next > o search 99 Cop 4- 144 4AI prt %1 近
Transcribed Image Text:gnment Saved Journal entry worksheet 1 Record payroll for period. Note: Enter debits before credits. Date General Journal Debit Credit January 31 < Prev 3 of 6 Next > o search 99 Cop 4- 144 4AI prt %1 近
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 View transaction list Journal entry worksheet ces 1 <> Record payroll for period. Note: Enter debits before credits. Date General Journal Debit Credit January 31 < Prev 3 of 6 Next > here to search 99 C 73°F 818 PM 9/24/2021 20 hp 144 ort sc delete home end pg up Dg dn 4 + backspace num lock Y. 7. 8. home Dg up D GO enter MI pause 1 shift 1. 2 3- end to alt ctri ins HP Pavilion Me time. Now playing. PLAY 3.
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 View transaction list Journal entry worksheet ces 1 <> Record payroll for period. Note: Enter debits before credits. Date General Journal Debit Credit January 31 < Prev 3 of 6 Next > here to search 99 C 73°F 818 PM 9/24/2021 20 hp 144 ort sc delete home end pg up Dg dn 4 + backspace num lock Y. 7. 8. home Dg up D GO enter MI pause 1 shift 1. 2 3- end to alt ctri ins HP Pavilion Me time. Now playing. PLAY 3.
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