A consulting company pays their employees bi-weekly. The gross payroll for the officers is $4,000. The gross payroll amount for the rest of the staff is $6,000. The employer's portion of the payroll taxes is $1,200. Assume everything is paid out (no liabilities) with cash. 

What is the journal entry you would create?

Answer rating: 100% (QA)

To record the payroll expenses and the employers portion of payroll taxes you would cr... View the full answer