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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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