PREPARE THE GENERAL JOURNAL ENTRY TO RECORD THE COMPANY’S PAYROLL FOR THE WEEK.
PREPARE THE GENERAL JOURNAL ENTRY TO RECORD THE COMPANY’S PAYROLL FOR THE WEEK.Private Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending August 7, 2019, follows.
Private Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending August 7, 2019, follows. ……………………………………….Ann Chen ……………..David Kendrick Gross earnings ………………………..$1,420.00 ……………………$1,290.00 Social security deduction ………………..(88.04) ……………………..(79.98) Medicare deduction ……………………..(20.59) ………………………(18.71) Income tax withholding …………………(380.16) ……………………(232.32) Net pay for week ………………………..$ 931.21 ……………………$ 958.99 1. Prepare the general journal entry to record the company’s payroll for the week. Use the account names given in this chapter. Use 16 as the page number for the general journal. 2. Prepare the general journal entry to summarize the checks to pay the weekly payroll. View Solution:
Private Publishing has two office employees A summary of their
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