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Before you begin, print out all the pages in this workbook. Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's
Before you begin, print out all the pages in this workbook. Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's occurred during January and February 2020. Click on "Trance tab at bottom of this page to view these. Required: 1 On the printed "Worksheet" page, journalize the transactions the informat the "Transactions" page. January Transactions are as follows 15 Paid an employee S. Moore net salary for January 1-15. Gross salary for the period is $1,500. Deductions from gross pay are as follow The company matches employee's FICA tax deductions and company pension and health insurance contributions 1 to 1. Employee income taxes 15.0% FICA Social Security & Medicare taxes 7.796 Company pension plan 10.0% Company health insurance 5.0% 31 Paid employee S. Moore net salary for January 16-31. Gross salary for the period is $2,000. Deductions from the gross pay are as follows: Employee income taxes 15.0% FICA Social Security & Medicare taxes 7.7% Company pension plan 10.0% Company health insurance 5.0% February 15 Paid payroll deductions for January. Franny's Fabric Corporation GENERAL JOURNAL 2019 Description Debit Credit February
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