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Assistance with this journal entry, please! During the month of January, an employee earned $4,000 of salary. Withholdings from the employee's salary consist of FICA
Assistance with this journal entry, please!
During the month of January, an employee earned $4,000 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $248, FICA Medicare taxes of $58, federal income taxes of $426, and medical insurance deductions of $170. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. Journal entry worksheet Note: Enter debits betore creditsStep by Step Solution
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