Question
October 15 th : Record the employee payroll entry for the October 15 th payday. Hints: All numbers for this journal entry will come from
October 15th: Record the employee payroll entry for the October 15th payday. Hints: All numbers for this journal entry will come from the Payroll Register. Look at the Partial Chart of Accounts or General Ledger in the spreadsheet for a list of account titles used in this project. Record Net Pay in a payable account; we will distribute net pay in a future entry.
October 15th: Record the entry for employer payroll taxes for the October 15th payday. Hint: you will need to calculate some amounts, but all of the information you need is on the payroll register and tax rate information noted above.
October 15th: Record the entry to disburse (pay) the employees payroll for the October 15th payday.
October 15th: Record the entry to transfer the employees 401(k) contributions to the trustee for investment in their individual retirement accounts.
Could someone show me the proper way to enter these journal entries in. I'm have trouble getting started on this project
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