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The totals from the first payroll of the year are shown below. Total EarningsFICA OASDIFICA HIFIT W/HState TaxUnion DuesNet Pay $36,195.10$2,244.10$524.83$6,515.00$361.95$500.00$26,049.22 Journalize the adjustment for
The totals from thefirstpayroll of the year are shown below.Total
EarningsFICA
OASDIFICA
HIFIT
W/HState
TaxUnion
DuesNet
Pay$36,195.10$2,244.10$524.83$6,515.00$361.95$500.00$26,049.22
Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.
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