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HELP ASAP On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned
HELP ASAP
On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $50,000 of sales salaries Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,300 of federal income taxes, S1,175 of medical insurance deductions, and $220 of union dues No employee eamed more than $7.000 in this first period Prepare the journal entry to record North Company's January 15 (employee) payroll expenses and liabilities View transaction list 5.35 Journal entry worksheet Step by Step Solution
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