Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $38,900; social security tax, $2,411.80; Medicare
On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $38,900; social security tax, $2,411.80; Medicare tax, $564.05; income tax, $3,079.72; and net amount due, $32,844.43. Of the total earnings, $30,768.46 was for sales salaries and $8,131.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started