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Other accrued liabilitiespayroll For the payroll period ended on June 25, 2019, gross pay was $143,000, net pay was $102,000, FICA tax withholdings were $10,000,
Other accrued liabilitiespayroll For the payroll period ended on June 25, 2019, gross pay was $143,000, net pay was $102,000, FICA tax withholdings were $10,000, income tax withholdings were $25,000, and medical insurance contributions were $6,000.
Required: Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual on June 25, 2019.
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