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Instructions Chart of Accounts General Journal Instructions The payroll register of Heritage Co. indicates $14,280 of social security withheld and $3,570 of Medicare tax
Instructions Chart of Accounts General Journal Instructions The payroll register of Heritage Co. indicates $14,280 of social security withheld and $3,570 of Medicare tax withheld on total salaries of $238,000 for the period. Federal withholding for the period totaled $43,500. Retirement savings withheld from employee paychecks were $2,340 for the period. Journalize the entry to record the period's payroll. General Journal ze the entry to record the period's payroll. ns eBook Show Me How Print Item PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUIT ries Expense cial Security Tax Payable edicare Tax Payable hployees Federal Income Tax Payable 23,800.00 14,280.00 3,570.00 43,500.00 laries Payable 176,650.00 Journalize period payroll Instructions Chart of Accounts General Journal Instructions Chart of Accounts Th of we ASSETS 110 Cash 111 Accounts Receivable Jo 112 Interest Receivable General Ledger REVENUE 410 Sales 610 Interest Revenue 113 Notes Receivable 115 Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building EXPENSES 510 Cost of Goods Sold 520 Salaries Expense 524 Depreciation Expense-Building 525 Delivery Expense 526 Repairs Expense
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