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Ch 11 Ex 11-2 Exercise 11.2 Recording deposlt of social securlty, Medlcare, and Income taxes. LO 11-3 After Beam Corporation paid its employees on July
Ch 11 Ex 11-2 Exercise 11.2 Recording deposlt of social securlty, Medlcare, and Income taxes. LO 11-3 After Beam Corporation paid its employees on July 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 $19,800 in the Soclal Security Tax Payable account, a balance of $4,201 in the Medicare Tax Payable account, and a balance of $18,360 in the Employee Income Tax Payable account. On July 16, the business issued a check to deposit the taxes owed in the First Texas Bank. Record this transaction in general journal form 8 points View transaction list eBook Journal entry worksheet Hint Record entry for payroll taxes Ask Print Note: Enter debits before credits debits beror Debit Credit Date General Journal Rererences July 16. 2019 Record entry Clear entry
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