Franny's Fabric Coporation started operations on January 1, 2020. Various payroll transactions of Franny's occurred during Januaryand February 2020. Click on "Transactions" tab at bottom of this page to view these. Required: 1 On the printed "Worksheet" page, journalize the transactions the information from the "Transactions" page.

15 Paid an employee S. Moore net salary for January 1-15. Gross salary for the period is $1,500. Deductions from gross pay are as follows: The company matches employee's FICA tax deductions and company pension and health insurance contributions 1 to 1. Employee income taxes 15.0% FICA Social Security & Medicare taxes 7.7% Company pension plan 10.0% Company health insurance 5.0% 31 Paid employee S. Moore net salary for January 16-31. Gross salary for the period is $2,000. Deductions from the gross pay are as follows: Employee income taxes 15.0% FICA Social Security & Medicare taxes 7.7% Company pension plan 10.0% Company health insurance 5.0% February 15 Paid payroll deductions for January.