A payroll summary prepared at JRH Manufacturing Company showed the following figures for January 2016: Direct labor
Question:
Direct labor costs incurred.............................$50,000.00
Indirect labor costs incurred............................14,000.00
Social security tax withheld.............................3,968.00
Medicare tax withheld......................................928.00
Income tax withheld....................................16,000.00
Give the January 31 entry in general journal form to record the labor costs incurred.
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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