Required Record the following in general journal form on May 31: a. Accrual of the monthly payroll. b. Payment of the net payroll. c. Accrual of employer's payroll taxes. ( Assume that the FICA matches the amount withheld.) d. Payment of these payroll-related liabilities. (Assume that all are settled at the same time.) Round your answers to the nearest dollar
Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Company's May payroll Administrative salaries $47,600 Sales salaries 65,800 Custodial salaries 9,800 Total payroll $123,200 Salaries subject to 1. 45 percent Medicare tax $123,200 Salaries subject to 6.2 percent Social Security tax 103,600 Salaries subject to federal
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