Explain and Journalize the payroll entry in general journal form payable to a payroll bank account.?                     

Total   Earnings   All Employees	Taxable Earnings	Deductions	Net Pay
Unemploy- ment	Social   Security	Medicare	Social   Security	Medicare	Federal   Inc. Tax	Union   Dues	Total
96,000	32,000	87,000	96,000	5,394	1,392	14,540	1,350	22,676	73,324

Use the tax rate information given above to complete the below. Omit explanations.

Any amounts that should be blank must have a zero (0)!

Description	Debit	Credit

Answer rating: 100% (QA)

Answer To journalize the payroll entry payable to a payroll bank account we need to break down the v... View the full answer