Ask Question
8 December, 05:45

Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $1,980 of social security withheld and $495 of Medicare tax withheld on total salaries of $33,000 for the period. Federal withholding for the period totaled $5,940. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.

+5
Answers (1)
  1. 8 December, 05:56
    0
    The Journal entry is as follows:

    Salary Expenses A/c Dr. $33,000

    To social security Payable A/c $1,980

    To Medicare tax Payable A/c $495

    To Federal Tax Withholding Payable A/c $5,940

    To Salary & Wages Payable A/c $24,585

    (To record the period's payroll)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $1,980 of social security withheld and $495 of Medicare ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers