Ask Question
14 August, 09:12

he payroll register of Chen Engineering Co. indicates $1,800 of social security withheld and $450 of Medicare tax withheld on total salaries of $30,000 for the period. Federal withholding for the period totaled $5,100. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.

+2
Answers (1)
  1. 14 August, 13:06
    0
    Answer:Dr: Salaries expense $30,000, Cr : Medicare tax payable $450, Cr : Social security payable $1,800, Cr Federal income tax witheld payable $5,100, Cr Salaries payable $22,650

    Explanation:

    The journal entry will be

    Dr: Salaries expense $30,000

    Cr: Medicare tax payable $450

    Cr: Social security payable $1,800

    Cr: Federal income tax witheld payable $5,100

    Cr: Salaries payable ($30,000 - $450 - $1,800 - $5,100) $22,650

    (To record the payroll for the month)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “he payroll register of Chen Engineering Co. indicates $1,800 of social security withheld and $450 of Medicare tax withheld on total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers