Denardo’s Country Store pays its employees on a biweekly basis. This week the payroll is $2,000. You issued Check 949 for $1,487 in payment of the payroll less the following amounts: Employees’ Federal Income Tax, $320; Employees’ State Income Tax, $40; Social Security Tax, $124; and Medicare Tax, $29. 

Instructions

In your working papers, record the July 15 payroll on page 4 of the cash payments journal.