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Paul company completed the salary and wage for the month of March. The payroll provided the following details. Paul Company completed the salary and wage
Paul company completed the salary and wage for the month of March. The payroll provided the following details.
Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages eamed by employees Employee income taxes withheld Employee government insurance premiums withhekd FICA payroll taxes* $ 214,000 42,800 5,000 15,200 $15,200 each for employer and employees Required: 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yet to transfer any withholdings to the govemment Iif no entry is required fo select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the payroll for March, including employee deductions. Note: Enter debits before credits Date DebitCredit March 31 Record entry Clear entry View general journal 2. Prepare the journal entry to record the employers payroll taxes, which have not yet been paid to the govenment (if no entry is required for a transaction/event select "No journal entry required" in the first account
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