Question: Hi, please help with the question below and provided the detailed solution. Thanks. On January 15, the end of the first biweekly pay period of

Hi, please help with the question below and provided the detailed solution. Thanks.

Hi, please help with the question below and provided the detailed solution.

On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $50,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2% FICA Medicare taxes at the rate of 1.45%, $2,600 of federal income taxes, $1,330 of medical insurance deductions, and $120 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company's January 15 (employee) payroll expenses and liabilities. View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enter debits before credits. Date General Journal Debit Credit Jan 15 Record entry Clear entry View general journal

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