Question
McHale Enterprises has the following incomplete General Journal entry for the most recent pay date: Oct 27 Wages and salaries expense 522 $ 298,384.00 Federal
McHale Enterprises has the following incomplete General Journal entry for the most recent pay date: Oct 27 Wages and salaries expense 522 $ 298,384.00 Federal withholding tax payable 220 $ 50,725.28 Social Security tax payable 221 17,980.56 Medicare tax payable 222 4,205.13 401(k) contributions payable 223 ??? Health Insurance payable 224 8,375.00 Savings bonds payable 227 1,850.00 Wages and salaries payable 226 202,671.98 Oct 27 Wages and salaries payable 226 202,671.98 Cash 101 202,671.98 What is the amount of the 401(k) contributions for the pay date? Group of answer choices
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