The totals from the first payroll of the year are shown below. Total...
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Accounting
| The totals from the first payroll of the year are shown below. | |||||||||||||
| Total Earnings | FICA OASDI | FICA HI | FIT W/H | State Tax | Union Dues | Net Pay | |||||||
| $36,195.10 | $2,244.10 | $524.83 | $6,515.00 | $361.95 | $500.00 | $26,049.22 | |||||||
Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.
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