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CV 11.1 Chapter 11 Canvas Homework: Payroll Liabilities Halloway Corp pays its employees every Tuesday for the previous 5-day work week (Monday - Friday). Total

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CV 11.1 Chapter 11 Canvas Homework: Payroll Liabilities Halloway Corp pays its employees every Tuesday for the previous 5-day work week (Monday - Friday). Total Salary costs for the week ending Friday, May 31 are $50,000. Payroll taxes for the pay period totaled $23,500, 80% of which are the responsibility of the employees. Prior to recording this week's payroll tax liability, the balance of Payroll Tax Payable was $61,100. Halloway pays the government on the 20 of each month for the previous month's payroll tax liability. Record all necessary journal entries for May 31. Record all necessary journal entries for pay day on Tuesday June 4. Record all necessary journal entries for the payment made to the government on June 20 related to May's payroll taxes

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