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please help!!!! due in an hour and please use the chart of accounts General Journal titles. The summary of the payroll for the monthly pay
please help!!!! due in an hour and please use the chart of accounts
General Journal titles. The summary of the payroll for the monthly pay period ending July 15 indicated the following PAGE 1 Sales salaries Federal income tax withheld Office salaries Medical insurance withheld Social security tax withheld Medicare tax withheld $125,000 32,300 35,000 7,370 10,200 2,550 JOURNAL DATE DESCRIPTION POST. REF CREDIT Required: Journalize the entries to record (a) the payrol and (b) the empioyer's payroll tax expense for the month. The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%. Only $25,000 of salanies are subject to unemployment taxes. Refer to the Chart of Accounts for exact wording of account tities. Journalize the entries to record the employer's payroll tax expense. The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%. Only $25,000 of salaries are subject to unemployment taxes. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDITStep by Step Solution
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