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Salary Expense and Payroll Tax Expense Ergo Company has one employee who is paid a salary of $8,500 per month. Payroll information fordhe first month
Salary Expense and Payroll Tax Expense Ergo Company has one employee who is paid a salary of $8,500 per month. Payroll information fordhe first month of the year is: Part I: Prepare Ergo's journal entry to record the first month's salary expense and employee witholdings. Payrol tax expense wil be Part 2: Prepare Ergo's journal entry to record employer payroll taxos for the first month's payrol. Part 3: Prepare Ergo's journal entry to record tringe benefits for the first month's payroll. On September 1, 2022, Hare Today pet-supply store Co. borrowed $9,000 from Gone Tomorrow Bank, signing a 6-month, 4-percent note. Interest is to be paid at maturity. Hare Today and Gone Tomorrow both have a December 31 year-end. 1. Record the joumal entry for the transaction for Hare Todny, the borrower, on September 1, 2022
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