Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Supermeg Dry Cleaners had the following payroll data for its May 14 pay date: May 14 Wages and salaries expense Federal withholding tax payable Social

image text in transcribed

Supermeg Dry Cleaners had the following payroll data for its May 14 pay date: May 14 Wages and salaries expense Federal withholding tax payable Social Security tax payable Medicare tax payable 401(k) contributions payable Health Insurance payable Union Dues payable Wages and salaries payable 522 $187,327.54 220 221 222 223 224 227 226 $ 31,845.68 10,769.95 2,518.78 6,556.46 13,618.71 4,683.19 117, 334.77 May 14 Wages and salaries payable Cash 226 117,334.77 101 117,334.77 When the firm remits the union dues for this pay period, what is the correct General Journal entry? Multiple Choice Debit Cash $6,556.46; Credit Union Dues Payable $4,683.19 Debit Union Dues Payable $4,683.19; Credit Cash $6,556.46 Debit Cash $4,683.19; Credit Union Dues Payable $4,683.19 Debit Union Dues Payable $4,683.19; Credit Cash $4,683.19

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Marketing

Authors: David Brown, Alex Thompson

1st Edition

0367773422, 9780367773427

More Books

Students also viewed these Accounting questions