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  3. on january 15, the end of the first pay period of

On January 15, the end of the first pay period of the year, North Company's...

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Accounting

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On January 15, the end of the first pay period of the year, North Company's employees earned $26,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,000 of federal income taxes, $429 of medical insurance deductions, and $180 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities, View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enterdits before credits General Journal Debit Credit Date Jan 15 M

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