For the payroll period ended on June 25, 2013, gross pay was $20,750, net pay was...

For the payroll period ended on June 25, 2013, gross pay was $20,750, net pay was $12,000, FICA tax withholdings were $3,500, income tax withholdings were $4,200, and medical insurance contributions were $1,050.

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Journal entry :

Date	accounts & explanation	debit	credit
	Wages expense	20750
	Wages payable/ Cash		12000
	FICA withholdings		3500
	Income tax withholdings		4200
	Medicare insurance		1050
	(To record payroll)

ekkarill92 answered 1 year ago

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