Question
Explain and Journalize the payroll entry in general journal form payable to a payroll bank account.?
Explain and Journalize the payroll entry in general journal form payable to a payroll bank account.?
Total Earnings All Employees | Taxable Earnings | Deductions | Net Pay | ||||||
Unemploy- ment | Social Security | Medicare | Social Security | Medicare | Federal Inc. Tax | Union Dues | Total | ||
96,000 | 32,000 | 87,000 | 96,000 | 5,394 | 1,392 | 14,540 | 1,350 | 22,676 | 73,324 |
Use the tax rate information given above to complete the below. Omit explanations.
Any amounts that should be blank must have a zero (0)!
Description | Debit | Credit |
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Answer To journalize the payroll entry payable to a payroll bank account we need to break down the v...
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College Accounting A Career Approach
Authors: Cathy J. Scott
13th edition
1337280569, 978-1337607773, 1337607770, 978-1337516525, 133751652X, 978-1337668026, 978-1337280563
