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Journalize period payroll The payroll register of Heritage Co. indicates $2,160 of social security withheld and $540 of Medicare tax withheld on total salaries of

Journalize period payroll

The payroll register of Heritage Co. indicates $2,160 of social security withheld and $540 of Medicare tax withheld on total salaries of $36,000 for the period. Federal withholding for the period totaled $6,480. Retirement savings withheld from employee paychecks were $2,650 for the period.

Journalize the entry to record the periods payroll. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank CashEmployees Federal Income Tax PayablePayroll Tax ExpenseSalaries ExpenseSalaries Payable
CashPayroll Tax ExpenseSalaries ExpenseSocial Security Tax ExpenseSocial Security Tax Payable
CashMedicare Tax ExpenseMedicare Tax PayableSalaries ExpenseSocial Security Tax Expense
CashEmployees Federal Income Tax ExpenseEmployees Federal Income Tax PayablePayroll Tax ExpenseSalaries Expense
CashPayroll Tax ExpenseRetirement Savings Deductions PayableSalaries ExpenseSocial Security Tax Expense
Payroll Tax ExpensePayroll Taxes PayableSalaries ExpenseSalaries PayableSocial Security Tax Expense

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