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On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $39,600; social security tax, $2,455.20; Medicare tax, $574.20; income tax, $3,135.16; and net amount due, $33,435.44. Of the total earnings, $31,258.46 was for sales salaries and $8,341.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 Record the payroll expense and related taxes payable. Note: Enter debits before credits. Date July 31 General Journal Debit Credit >

On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $39,600; social security tax, $2,455.20; Medicare tax, $574.20; income tax, $3,135.16; and net amount due, $33,435.44. Of the total earnings, $31,258.46 was for sales salaries and $8,341.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 Record the payroll expense and related taxes payable. Note: Enter debits before credits. Date July 31 General Journal Debit Credit >

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 1MP: The totals line from Nix Companys payroll register for the week ended March 31, 20--, is as follows:...
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On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $39,600; social security tax, $2,455.20; Medicare tax, $574.20; income tax, $3,135.16; and net amount due, $33,435.44. Of the total earnings, $31,258.46 was for sales salaries and $8,341.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the payroll expense and related taxes payable. Note: Enter debits before credits. Date July 31 Record entry General Journal Clear entry Debit Credit View general journal
Transcribed Image Text:On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $39,600; social security tax, $2,455.20; Medicare tax, $574.20; income tax, $3,135.16; and net amount due, $33,435.44. Of the total earnings, $31,258.46 was for sales salaries and $8,341.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the payroll expense and related taxes payable. Note: Enter debits before credits. Date July 31 Record entry General Journal Clear entry Debit Credit View general journal
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