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Bridgeport Company pays its office employee payroll monthly. Below is a list of employees and their payroll data for August. Assume that the income tax
Bridgeport Company pays its office employee payroll monthly. Below is a list of employees and their payroll data for August. Assume that the income tax withheld is 10% of wages. Union dues withheld are 2% of wages. The Social Security rate is 8% on employee and employer. Make the journal entries necessary for the August payroll (assume the payroll is paid in August). The entries for the payroll and the company's payroll tax liability are made separately. (Credit account titles are automatically indented when the amount is entered. Do not
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