Using the payroll register from P7-1B for Cosmic Comics, complete the General Journal entry for the employees

Question:

Using the payroll register from P7-1B for Cosmic Comics, complete the General Journal entry for the employees’ pay for the September 15, 2017 pay date. Employees’ paychecks will be issued on September 19.


In P7-1B

Tony Stanford owns Cosmic Comics in Greensboro, NC. For the weekly payroll dated September 15, 2017, complete the payroll register. Checkswill be issued on September 19, 2017. Use the wage bracket method in the federal tax table in Appendix C. Assume 5.8% state income tax. No employee has exceeded the Social Security wage base. Total, prove, and rule the entries.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Payroll Accounting 2018

ISBN: 978-1259742514

4th edition

Authors: Jeanette Landin, Paulette Schirmer

Question Posted: