The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of Medicare tax

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The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of Medicare tax withheld on total salaries of $15,000 for the period. Federal withholding for the period totaled $3,260.

	Required:
	Prepare the journal entry for the period’s payroll. Refer to the Chart of Accounts for exact wording of account titles.

Prepare the journal entry for the period’s payroll on December 31. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5

Related Book For answer-question

Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Feb 29, 2024 06:34 AM

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The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of Medicare tax

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Date Description December 31 Salaries Expense ... View the full answer

Accounting

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