Question

#8

pretion Status QUESTION 8 A company's payroll information for the month of May follows: Administrative salaries Sales salaries 3,500 Shop wages 14,000 FICA Social Security withheld 1 300 FICA Medicare taxes withheld 1400 Federal income taxes withheld 111.300 Medical insurance premiums withheld A15 Union dues withheld 1205 On May 31 the company issued Check No. 335 payable to the Payroll Bank Account for the May payroll. It issued payroll checks to the employees after depositing the check Prepare the journal entry to record (accrue) the employer's payroll for May (salary expense). TTTT Paragraph Arial 3(1200) E E %DO QEEBET QUESTION 9 A commanus naurall informat

Answer 1

Record journal entry as follows: A BC 1 Account Title & Explanantions Debit Credit 2 Administrative salaries expense $2.000 3 Sales salalries expense $3,500 4 Shop wages expense $4,000 Withheld FICA social security $ 300 Withehld FICA medicare taxes $ 400 Withheld federal income tax payable $1,300 8 Withheld medical insurance premiums | $ 415 9 Withheld union dues $ 205 10 Salaries and wages payable $6,880 11 (To record employer's payroll)

There might be slight difference in the account notations are account names are not provided.

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