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The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI   FIT W/H   State Tax   Union Dues   Net Pay   $36,195.10   $2,244.10   $524.83   $6,515.00   $361.95   $500.00   $26,049.22       Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.

The totals from the first payroll of the year are shown below. Total Earnings   FICA OASDI   FICA HI   FIT W/H   State Tax   Union Dues   Net Pay   $36,195.10   $2,244.10   $524.83   $6,515.00   $361.95   $500.00   $26,049.22       Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 5RE
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The totals from the first payroll of the year are shown below.
Total
Earnings		   FICA
OASDI		   FICA
HI		   FIT
W/H		   State
Tax		   Union
Dues		   Net
Pay		  
$36,195.10   $2,244.10   $524.83   $6,515.00   $361.95   $500.00   $26,049.22  
 

 

Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.

The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Таx Dues Pay $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. FICA Taxes Payable-HI Payroll Taxes Rent Expense Wages Expense Wages Payable
Transcribed Image Text:The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI W/H Таx Dues Pay $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. FICA Taxes Payable-HI Payroll Taxes Rent Expense Wages Expense Wages Payable
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