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Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages earned by $
Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages earned by $ 203,000 employees Employee income taxes withheld 40,600 Employee government Insurance premiums withheld 5,000 PICA payroll taxes 16,200 Assessed on both employer and employee Re, $16.200 eacht Required: 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yot to transfor any withholdings to the government 2. Prepare the journal entry to record the employer's payroll taxes, which have not yet been paid to the government. 3. Provide a combined journal entry to show the payment of all amounts owed to governmental agencies. For all requirements, I no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 | 2 3 Record the payroll for March, including employee deductions. > Note: Enter debits before credits General Journal Date March 31 Dobit Credit Record entry View general Journal Clear entry
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