Answer:
Salaries Expense 220,000
Social Security Tax Payable 13,200
Medicare Tax Payable 3,300
Employees Federal Income Tax Payable 43,560
Salaries Payable 159,940
PE 11-4A Journalize period payroll
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Federal withholding for the period totaled $43,560. Provide the journal entry for the period’s payroll.
Answer:
Salaries Expense 220,000
Social Security Tax Payable 13,200
Medicare Tax Payable 3,300
Employees Federal Income Tax Payable 43,560
Salaries Payable 159,940
Answer:
Salaries Expense 220,000
Social Security Tax Payable 13,200
Medicare Tax Payable 3,300
Employees Federal Income Tax Payable 43,560
Salaries Payable 159,940