On January 15 , the end of the first pay period of the year, North...
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Accounting
On January 15 , the end of the first pay period of the year, North Company's employees earned $30,000 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%,$8,000 of federal income taxes, $784 of medical insurance deductions, and $240 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. Journal entry worksheet Note: Enter debits before credits
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