Question

Mc Deal Corporation has six salaried employees who are paid every two weeks and are given two weeks of paid vacation per year. The following payroll information is available for the two-week period ended October 31, 2009:
Gross Pay.................................................. $30,000
FICA Taxes............................................... 2,295
Federal Income Taxes................................ 7,353
State Income Taxes.................................... 1,138
Health Insurance Premiums........................ 1,000
Required:
(a) Prepare the October 31 journal entry to record this payroll.
(b) Prepare the October 31 journal entry to record the accrual of vacation pay.
(c) Prepare the journal entry to pay the employees on November 3.


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  • CreatedMarch 27, 2015
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