6. This general journal entry was made to record the payroll liability for amounts withheld from the
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6. This general journal entry was made to record the payroll liability for amounts withheld from the weekly payroll (amounts in parentheses are credit entries, others are debit entries).
Office Salaries Expense 600.00 Shipping Wages Expense 2,586.00 Health Insurance Premium Expense 40.00 Social Security Taxes Expense 197.41 Medicare Taxes Payable (48.17)
Employee Income Tax Payable (266.00)
Cash (2,634.42)
What corrections should be made to this journal entry?
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781259995156
4th Edition
Authors: M. David Haddock
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