Stake Technology Inc. has 33 employees who are paid bi-weekly. The Payroll Register showed the assumed payrol. deductions below for the pay period ending April 7. Gross Pay 34,500 Federal Income Taxes 6,882 Date Social Security 2,139 Use this information to prepare the journal entry to record the payroll expenses. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Medicare 500 Page G1 PR Debit Credit

Stake Technology Inc. has 33 employees who are paid bi-weekly. The Payroll Register showed the assumed payrol. deductions below for the pay period ending April 7. Gross Pay 34,500 Federal Income Taxes 6,882 Date Social Security 2,139 Use this information to prepare the journal entry to record the payroll expenses. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Medicare 500 Page G1 PR Debit Credit

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 2CE

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