Denardos Country Store pays its employees on a biweekly basis. This week the payroll is $2,000. You
Question:
Denardo’s Country Store pays its employees on a biweekly basis. This week the payroll is $2,000. You issued Check 949 for $1,487 in payment of the payroll less the following amounts: Employees’ Federal Income Tax, $320; Employees’ State Income Tax, $40; Social Security Tax, $124; and Medicare Tax, $29.
Instructions
In your working papers, record the July 15 payroll on page 4 of the cash payments journal.
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July 15 2010 Check 949 1487 ...View the full answer
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