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1. On July 31, the payroll register for Red Company showed the following totals for the month: gross earnings, $38,300; social security tax, $2,374.60; Medicare
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On July 31, the payroll register for Red Company showed the following totals for the month: gross earnings, $38,300; social security tax, $2,374.60; Medicare tax, $555.35; Income tax, $3,032.23; and net amount due, $32,337.82. Of the total earnings, $30,348.46 was for sales salaries and $7,951.54 was for office salaries. Prepare a general Journal entry to record the monthly payroll of the firm on July 31. Note: Round your final answers to 2 decimal places. View transaction list Journal entry worksheet < 1 Record the payroll expense and related taxes payable. Note: Enter debits before credits. Date July 31 General Journal Debit Credit >
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