Question
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,320 of social security withheld and $330 of Medicare tax withheld on total
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,320 of social security withheld and $330 of Medicare tax withheld on total salaries of $22,000 for the period. Federal withholding for the period totaled $3,740. Retirement savings withheld from employee paychecks were $2,700 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Salaries Expense Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Retirement Savings Deductions Payable Salaries Payable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started