Question

On July 31, 2016, the payroll register of Reed Wholesale Company showed the following totals for the month: gross earnings, $39,600; social security tax, $2,455.20; Medicare tax, $574.20; income tax, $3,135.16; and net amount due, $33,435.44. Of the total earnings, $31,258.46 was for sales salaries and $8,341.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31, 2016. Use 20 as the page number for the general journal.



$1.99
Sales6
Views129
Comments0
  • CreatedAugust 08, 2014
  • Files Included
Post your question
5000