LO 7-2, 7-3 KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2023, the payroll taxes (employee and employer share combined) were as follows:

Social Security tax: $3,252.28 Medicare tax: $760.61 Employee federal income tax: $2,520.00 Create the General Journal entry for the remittance of the taxes. The entry should be dated September 13, 2023. Use check 2052 in the description.

Transcribed Image Text:

Date Description Post Ref. Debit Credit 1 1 2345 69 8 2345678