Stake Technology Inc. has 33 employees who are paid bi-weekly. The Payroll Register showed the assumed payrol. deductions below for the pay period ending April 7. Gross Pay 34,500 Federal Income Taxes 6,882 Date Social Security 2,139 Use this information to prepare the journal entry to record the payroll expenses. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Medicare 500 Page G1 PR Debit Credit

Stake Technology Inc. has 33 employees who are paid bi-weekly. The Payroll Register showed the assumed payrol. deductions below for the pay period ending April 7. Gross Pay 34,500 Federal Income Taxes 6,882 Date Social Security 2,139 Use this information to prepare the journal entry to record the payroll expenses. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Medicare 500 Page G1 PR Debit Credit

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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