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After the Yukon Corporation paid its employees on May 1 5 , 2 0 X 1 , and recorded the corporation's share of payroll taxes
After the Yukon Corporation paid its employees on May X and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $ in the Social Security Tax Payable account, a balance of $ in the Medicare Tax Payable account, and a balance of $ in the Employee Income Tax Payable account. On May X the business issued a check to deposit the taxes owed in the local bank.
Record this transaction in a general journal form.
Journal entry worksheet
Record payroll taxes paid.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditMay X
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