Recording the payroll and payroll taxes Using the earnings data developed in E3-1, and assuming that…
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Recording the payroll and payroll taxes
Using the earnings data developed in E3-1, and assuming that this was the fiftieth week of employment for Jolly and the previous earnings to date were $99,800, prepare the journal entries for the following:
E3-1
a. The week’s payroll.
b. Payment of the payroll.
c. The employer’s payroll taxes.
Job or Indirect Labor
Su.
M
Tu.
W
Th.
F
Sa.
Total
007
5
5
3
5.0
6
24.0
009
3
3
5
6.5
5
22.5
Machine repair
4
6.5
10.5
Total
4
8
8
8
11.5
11
6.5
57.0
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