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The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of Medicare tax withheld on total salaries of $230,000 for the

The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of Medicare tax withheld on total salaries of $230,000 for the period. Federal withholding for the period totaled $43,520. Retirement savings withheld from employee paychecks were $2,980 for the period.

Journalize the entry to record the periods payroll. Refer to the Chart of Accounts for exact wording of account titles.

On December 31, journalize the entry to record the periods payroll. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
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