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The summary of the payroll for the monthly pay period ending July 15 indicated the following: Sales salaries $125,000 Office salaries 35,000 Federal income
The summary of the payroll for the monthly pay period ending July 15 indicated the following: Sales salaries $125,000 Office salaries 35,000 Federal income tax withheld 32,300 Medical insurance withheld 7,370 Social security tax withheld 10,200 Medicare tax withheld 2,550 a. Journalize the entry for the payroll. If an amount box does not require an entry, leave it blank. Date Debit Credit Account July 15
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