Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  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 Companys...

70.2K

Verified Solution

Question

Accounting

On January 15, the end of the first pay period of the year, North Companys employees earned $28,000 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%, $3,400 of federal income taxes, $440 of medical insurance deductions, and $200 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Companys January 15 salaries expense and related liabilities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Use the formula x =(n-1) s/? to find x for the given values of n,...

Basic Math
1.2K views

Suppose that the average waiting time for a patient at a physician's office is just over...

Physics
1.2K views

Ws an isosceles triangle wire frame with apex angle equal to 1 2 The frame...

Geometry
1.2K views

Identify the probability to the nearest hundredth that a point chosen randomly inside the rectangle...

Basic Math
1.2K views

A child flies a kite at a height of 100 ft, the wind carrying the...

Calculus
1.2K views

2x 2 4 xy 4 3 x y2 1 Find lim 2x2 2 4 lim...

Calculus
1.2K views

1 In a right triangle tan is equal to 1 sine L 2 In a...

Algebra
1.2K views

A computer costs 800 It loses 1 4 of its value every 2 years after...

Accounting
1.2K views

Required information The following information applies to the questions displayed below.) Cane Company manufactures two...

Accounting
1.2K views

If anyone can answer this correctly because I put this question in before and it's...

Accounting
1.2K views

You are getting ready to launch your new line of sustainable shoes and are trying...

Accounting
1.2K views

Amiras Corporation began operations on January 1, 2020, with a beginning inventory of $30,100 at...