Question

In: Accounting

The payroll register of Patel Engineering Co. indicates $1,140 of social security withheld and $285 of...

The payroll register of Patel Engineering Co. indicates $1,140 of social security withheld and $285 of Medicare tax withheld on total salaries of $19,000 for the period. Federal withholding for the period totaled $3,420.

Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.

Solutions

Expert Solution

Solution:
Total Salaries = $                  19,000
Less: Withheld and federal taxation
Social Security $                     1,140
Medical Tax $                        285
Federal $                     3,420
Net Payable $                  14,155
Journal Entries
Date Account Title and explanation Debit Credit
---------- Salary Expenses $                  19,000
        Social Security Payable $                       1,140
         Medical Tax Payable $                           285
        Federal Tax Payable $                       3,420
        Cash $                     14,155
(To Record the salary Expenses)

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