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The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,500,000 Social security tax withheld 90,000 Medicare tax withheld

The payroll register for Gamble Company for the week ended April 29 indicated the following:

Salaries $1,500,000
Social security tax withheld 90,000
Medicare tax withheld 22,500
Federal income tax withheld 300,000

In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries.

Required:
A. Journalize the entry to record the payroll for the week of April 29.*
B. Journalize the entry to record the payroll tax expense incurred for the week of April 29.*
*Refer to the Chart of Accounts for exact wording of account titles.

A. Journalize the entry to record the payroll for the week of April 29.*
B. Journalize the entry to record the payroll tax expense incurred for the week of April 29.*
*Refer to the Chart of Accounts for exact wording of account titles.

PAGE 11

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

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