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CALCULATOR PRINTER VERSION BACK NEXT Prepare the employers journal entries to record (a) Betsys pay for the period and (b)


Brief Exercise 10-6 Betsy Strands regular hourly wage rate is $26, and she receives an hourly rate of $39 for work in excess
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Answer #1
Journal Entry- Betsy Strand's
Date Account Tittle Debit Credit
15-Jan Salaries and wages expense
(26*40+39*7)
$1,313.00
Federal Income tax payable 91
FICA Tax payable (1313*7.65%) 100.4445
Salaries and wages payable $1,121.56
15-Jan Salaries and wages payable $1,121.56
Cash $1,121.56
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