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Journalizing payroll transactions required 1. determine the amount of Social Security and Medicare taxes to be withheld 2.record the journal entry for the payroll, credit

Journalizing payroll transactions
required
1. determine the amount of Social Security and Medicare taxes to be withheld
2.record the journal entry for the payroll, credit in cash for the net pay. image text in transcribed
image text in transcribed
Journaling Payroll Transaction Instructor Wagen und Steigende 38.200 Federate bi Usted Way Color Petre Camico Boclet 200 Asume ato te laden Required 1. One of Sow Seory and to the 2. Record entryding Cashore me per Chart of Account CHART OF ACCOUNTS Webster & General Ledger REVENUE ASSETS 101 Casa 122 Accountable 101 Suppies 185 Office Equipment LIABILITIES 202 Accounts Payable 203 United Way Con Pwy 211 Employee federal Income Tax Payable 212 Social Security Tea Pal 213 Medicare 219 Viages Payable PENSES 1 veges and Sander 512A Expense sa kendt 51 Store upplies Esconde 515 Travel and Erre 59 Mustanse EQUITY 311 Owner Capital 312 Owner Dating First Question 1. Datamine the amount of Social Story Move to be held Social Security Tex Medicare Tax Journalizing Payroll Transactions General Journal 2. Record the journal entry for the payroll, crediting Cash for the not pay Generallouma instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT ME POST. REF ONE CEN > 1 3 Journaling Payroll Transaction Instructor Wagen und Steigende 38.200 Federate bi Usted Way Color Petre Camico Boclet 200 Asume ato te laden Required 1. One of Sow Seory and to the 2. Record entryding Cashore me per Chart of Account CHART OF ACCOUNTS Webster & General Ledger REVENUE ASSETS 101 Casa 122 Accountable 101 Suppies 185 Office Equipment LIABILITIES 202 Accounts Payable 203 United Way Con Pwy 211 Employee federal Income Tax Payable 212 Social Security Tea Pal 213 Medicare 219 Viages Payable PENSES 1 veges and Sander 512A Expense sa kendt 51 Store upplies Esconde 515 Travel and Erre 59 Mustanse EQUITY 311 Owner Capital 312 Owner Dating First Question 1. Datamine the amount of Social Story Move to be held Social Security Tex Medicare Tax Journalizing Payroll Transactions General Journal 2. Record the journal entry for the payroll, crediting Cash for the not pay Generallouma instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT ME POST. REF ONE CEN > 1 3

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