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After the JPR Corporation paid its employees on May 15, 2019, and recorded the corporation's share of payroll taxes for the payroll paid that date,
After the JPR Corporation paid its employees on May 15, 2019, and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $1,840 in the Social Security Tax Payable account, a balance of $378 in the Medicare Tax Payable account, and a balance of $2,104 in the Employee Income Tax Payable account. On May 16, 2019, the business issued a check to deposit the taxes owed in the local bank. Record this transaction in a general Journal form. View transaction list Journal entry worksheet Record payroll taxes paid. Note: Enter debits before credits Date General Journal Debit Credit May 16, 2019 View general Journal Clear entry Record entry
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