The payroll register for D. Salah Company for the week ended May 18 indicated the following: Line Item Description Amount Salaries $711,000 Federal income tax withheld 142,200 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.8%, respectively, on $14,000 of salaries. Assume the company runs all paychecks through Salaries Payable. If an amount box does not require an entry, leave it blank. Question Content Area a. Journalize the entry to record the payroll for the week of May 18. Date Account Debit Credit May 18 Feedback Area Feedback Question Content Area b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. Date Account Debit Credit May 18
The payroll register for D. Salah Company for the week ended May 18 indicated the following: Line Item Description Amount Salaries $711,000 Federal income tax withheld 142,200 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.8%, respectively, on $14,000 of salaries. Assume the company runs all paychecks through Salaries Payable. If an amount box does not require an entry, leave it blank. Question Content Area a. Journalize the entry to record the payroll for the week of May 18. Date Account Debit Credit May 18 Feedback Area Feedback Question Content Area b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. Date Account Debit Credit May 18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
| Line Item Description | Amount |
|---|---|
| Salaries | $711,000 |
| Federal income tax withheld | 142,200 |
The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal
Assume the company runs all paychecks through Salaries Payable. If an amount box does not require an entry, leave it blank.
Question Content Area
a.
| Date | Account | Debit | Credit |
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| May 18 |
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Feedback Area
Feedback
Question Content Area
b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.
| Date | Account | Debit | Credit |
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| May 18 |
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