Payroll-related journal entries
Using the data in situation b of Exercise 9-1, prepare the employer’s September 30 journal entries to record (1) salary expense and its related payroll liabilities for this employee and (2) payment of the payroll. BMX does not use a special payroll bank account.
Reference Exercise 9-1:
BMX Co. has one employee, Keesha Parks, and the company is subject to the following taxes:
Compute BMX’s amounts for FICA taxes and federal income tax withholdings as applied to Keesha’s gross earnings for September under each of three separate situations (a), (b), and (c). (Use the withholding tables in Exhibit 9.6 and Exhibit 9.7.).
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.