Otis Long works for TLM all year and earns a monthly salary of $12,000. There is no overtime pay. Long’s income tax withholding rate is 15% of gross pay. In addition to payroll taxes, Long elects to contribute 5% monthly to a charity fund. TLM also deducts $150 monthly for co-payment of the health insurance premium. As of September 30, Long had $139,200 of cumulative earnings. 

Requirements 

1. Compute Long’s net pay for October. 

2. Journalize the accrual of salaries expense and the payment related to the employment of Long.