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On January 15, the end of the first pay period of the year, North Company's employees earned $24,000 of sales salaries. Withholdings from the employees'

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On January 15, the end of the first pay period of the year, North Company's employees earned $24,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,400 of federal income taxes. $382 of medical insurance deductions, and $140 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities. View transaction fist Journal entry worksheet Record the employee payroll for period. Note: Enter debits before credits. Debit Credit Date Jan 15 24,000 General Journal Salaries expense FICA Social sec, taxes payable TRICA-Medicare taxes payable income taxes payable Employee medical insurance payable Employer union dues payable Salorios payable Record entry Clear entry View general Journal

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