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Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's occurred dring January and February 2020. Click on Transactions tab at
Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's occurred dring January and February 2020. Click on Transactions" tab at bottom of this page to view these. Required: 1 On the printed Worksheet" t"page, joumalize the transactions the information the from the "Transactions page. anuary Tra 5 Paid an employee S. Moore net salary for January 1-15. Gross salary for the period is $1,500. Dedductions from gross pay are as follows: The company Employee income taxes FICA Social Security & Medicare taxes Compary persion plan matches employee's FICA tax deductions and company pen sion and health insurance contributions 1 to 1 15.0% 77% 10.0% 5.0% Company health insurance 31 Paid employee S. Moore net salary for lanuary 16-31 Gross salary for the period is $2,000. Deductions from the gross pay are as follows: Employee income taxes FICA Social Security & Medicare taxes Compary pension plan Compary health i 15.0% 77% 10.0% 5 % nsrance Febnuary 15 Paid payroll deductions for January Franny's Fabric Corporation GENERAL JOURNAL 2019 Description PR Debit Credit Janary 15 31 Februay 15
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