Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Genes Google Drive a Facebook/Etsy Biz. Bog Entrepreneur Blogs Financials Buddy had the following information on his paystub. Gross Wake $1000 FICA Social Security Tax

image text in transcribed
Genes Google Drive a Facebook/Etsy Biz. Bog Entrepreneur Blogs Financials Buddy had the following information on his paystub. Gross Wake $1000 FICA Social Security Tax withholding: 562 FICA Medicare Tax withholding: $14.50 Federal Tax withholdin: $100 State Tax withholding: 55750 Net Pay: $766 Plese select the correct Employer Journal Entry Credit Account Titles Payroll Tax Expense FICA SS Tax Payable FICA Med Tax Payable Debit 76.50 62.00 14.50 Debit 76.50 Credit Account Titles Salary Expense FICA SS Tax Payable FICA Med Tax Payable 162.00 14.50 Debit Credit 234.00 o Account Titles Salary Expense FICA SS Tax Payable FICA Med Tax Payable Federal Tax Payable State Tax Payable 82.00 14.50 100.00 157.50 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A History Of Accountancy In The United States

Authors: Gary John Previts, Barbara Dubis Merino

98th Edition

0814207286, 978-0814207284

More Books

Students also viewed these Accounting questions

Question

Describe the uses of information gained from job analysis.

Answered: 1 week ago