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For the payroll period ended on June 25, 2019, gross pay was $143,000, net pay was $102,000, FICA tax withholdings were $10,000, income tax withholdings

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For the payroll period ended on June 25, 2019, gross pay was $143,000, net pay was $102,000, FICA tax withholdings were $10,000, income tax withholdings were $25,000, and medical insurance contributions were $6,000. Required: Use the horizontal model to show the effects of the payroll accrual on June 25, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Assets Stockholders' Equity Net Income Rover une 25, 2019. Indicate the financial ative financial statement effect.) Income Statement Revenues holders' Equity Net Income Expenses

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