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Journalize the entry to record the payment of the payroll

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Reference no: EM13535163

Summary payroll data

In the following summary of data for a payroll period, some amounts have been intentionally omitted:

Earnings:

1. At regular rate

?

2. At overtime rate

$80,000

3. Total earnings

Deductions:

?

4. Social security tax

32,400

5. Medicare tax

8,100

6. Income tax withheld

135,000

7. Medical insurance

18,900

8. Union dues

?

9. Total deductions

201,150

10. Net amount paid

338,850

Accounts debited:

11. Factory Wages

285,000

12. Sales Salaries

?

13. Office Salaries

120,000

a. Calculate the amounts omitted in lines (1), (3), (8), and (12).

b. Journalize the entry to record the payroll accrual.

c. Journalize the entry to record the payment of the payroll.

Reference no: EM13535163

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