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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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Expert Solution

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 2 years ago
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