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Exercise 8-9(Algo) Record payroll (LO8-3) A Assessment Tool iframe rvices (ATS) pays employees...

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Accounting

Exercise 8-9(Algo) Record payroll (LO8-3)
A Assessment Tool iframe rvices (ATS) pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal
year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $7,000 in January.
Salaries expense
Federal and state income tax withheld
Federal unemployment tax rate
Social Security (FICA) tax rate
Required:
Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction,
select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
Record the employee salary, withholdings, and salaries payable.
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