The totals from the first payroll of the year are shown below.TotalEarnings FICAOASDI FICAHI FITW/H StateTax UnionDues NetPay $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the entry to record the payroll.For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. The totals from the first payroll of the year are shown below.TotalFICAFICAFITStateUnionNetEarningsOASDIHIW/HТаxDuesPay$36,195.10$2,244.10$524.83$6,515.00$361.95$500.00$26,049.22Journalize the entry to record the payroll.For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to twodecimal places.Accounts PayableCashRent ExpenseWages ExpenseWages Payable

FICA tax=FICA OASDI+FICA HI=$2,244.10+$524.83=$2,768.93

Answered: The totals from the first payroll of…

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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The totals from the first payroll of the year are shown below.
Total Earnings	FICA OASDI	FICA HI	FIT W/H	State Tax	Union Dues	Net Pay
$36,195.10	$2,244.10	$524.83	$6,515.00	$361.95	$500.00	$26,049.22

Journalize the entry to record the payroll.

For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places.

The totals from the first payroll of the year are shown below.
Total
FICA
FICA
FIT
State
Union
Net
Earnings
OASDI
HI
W/H
Таx
Dues
Pay
$36,195.10
$2,244.10
$524.83
$6,515.00
$361.95
$500.00
$26,049.22
Journalize the entry to record the payroll.
For a compound transaction, if an amount box does not require an entry, leave it blank. If required, round your answers to two
decimal places.
Accounts Payable
Cash
Rent Expense
Wages Expense
Wages Payable

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