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The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a companys payroll records: 1. Prepare
The following information as to earnings and deductions for the weekly pay period ended March 9 was taken from a company"s payroll records: 1. Prepare a General Joumal entry to record the employer's payroll costs resulting from the payroll. (Do not round Intermedlate volues. Round your answers to 2 declmal pleces.) Journal entry worksheet Record the employer's payroll costs resulting from the payroll. Note: Enter debits before credits. 2. Prepare a General Journal entry to record the following employee benefits incurred by the company: (a) health insurance costs equal to the amounts contributed by each employee and (b) contributions equal to 10% of gross pay for each employee's retirement income program. (Round your onswers to 2 declmel ploces.)
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