During the month of January, an employee earned $4,600 of salary. Withholdings from the employee's salary...

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During the month of January, an employee earned $4,600 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $285.20, FICA Medicare taxes of $66.70, federal income taxes of $489.90, and medical insurance deductions of $195.50. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 > Record payroll for period. Note: Enter debits before credits. Debit Date January 31 General Journal Credit During the month of January, an employee earned $4,600 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $285.20, FICA Medicare taxes of $66.70, federal income taxes of $489.90, and medical insurance deductions of $195.50. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 > Record payroll for period. Note: Enter debits before credits. Debit Date January 31 General Journal Credit

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Date General Journal Debit Credit January 31 Salaries and Wages Expense or Salaries ... View the full answer