trying to learn payroll pls explain step by step thank you!Payroll Journal EntryRegular earnings$5,860.00Overtime earnings 890.00Deductions: Federal income tax 615.00 Social Security tax 418.50 Medicare tax 97.88 Pension plan 70.00 Health insurance premiums 230.00 United Way contributions 120.00Journalize the above data taken from the payroll register of CopyMasters as of April 15, 20—.Page: DATEACCOUNT TITLEDOC. NO.POST. REF.DEBITCREDIT 120--Apr. 15 12 23 34 45 56 67 78 89 Payroll for week ended April 15 9

Journal entries are prepared to record the financial and non-financial transactions of the business.

Answered: trying to learn payroll pls explain…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter13: Accounting For Payroll And Payroll Taxes

Section13.1: Recording A Payroll

Problem 1WT

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trying to learn payroll pls explain step by step thank you!

Payroll Journal Entry

Regular earnings	$	5,860.00
Overtime earnings		890.00
Deductions:
Federal income tax		615.00
Social Security tax		418.50
Medicare tax		97.88
Pension plan		70.00
Health insurance premiums		230.00
United Way contributions		120.00

Journalize the above data taken from the payroll register of CopyMasters as of April 15, 20—.

Page:

	DATE	ACCOUNT TITLE
1	20-- Apr. 15		1
2			2
3			3
4			4
5			5
6			6
7			7
8			8
9		Payroll for week ended April 15	9

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