In January, gross earnings in Sheffield Company were $90,000. All earnings are subject to 7.65% FICA taxes. Federal income tax withheld was $16,500, and state income tax withheld was $2,000.

(a)

Calculate net pay for January.

Net pay for January

$enter the net pay for January in dollars

(b)

Record the payroll. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount