The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week endedJune 14, 20X1, is shown below.OfficeEarnings and Deductions Employees$1,000.0072.4017.78140.ee24.00ShippingEmp loyees$1,030.0061.8615.3199.0024.00$ 829.83Gross earningsSocial security taxMedicare taxIncone taxHealth insuranceNet pay for week$ 745.82Prepare a general jourmal entry to record the weekly payroll of the firm on June 14, 20X1. (Round your answers to 2 decimal places.)View transaction listJournal entry worksheetRecord payroll for week ended June 14.Note: Enter debits before creditsDateGeneral JournalDebitCreditJune 14, 20X1

Journal entry is the primary step to record the transaction in the books of accounts. The debit and…

The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week ended June 14, 20X1, is shown below. Office Earnings and Deductions Employees Gross earnings Social security tax Medicare tax Incone tax Health insurance $1,000.00 72.40 17.78 140.00 24.00 Shipping Emp loyees $1,030.ee 61.86 15.31 99.00 24.00 $ 829.83 Net pay for week 745.82 Prepare a general journal entry to record the weekly payroll of the firm on June 14, 20X1 (Round your answers to 2 decimal places.)

The Rollins Company has office employees and shipping employees. A summary of their earnings and deductions for the week ended June 14, 20X1, is shown below. Office Earnings and Deductions Employees Gross earnings Social security tax Medicare tax Incone tax Health insurance $1,000.00 72.40 17.78 140.00 24.00 Shipping Emp loyees $1,030.ee 61.86 15.31 99.00 24.00 $ 829.83 Net pay for week 745.82 Prepare a general journal entry to record the weekly payroll of the firm on June 14, 20X1 (Round your answers to 2 decimal places.)

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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