Business
Business, 22.04.2021 17:30, meganpaughstu

Exercise 10.7 (Algo) Journalizing payroll transactions. LO 10-7 On July 31, the payroll register for White Sales Company showed the following totals for the month: gross earnings, $39,500; social security tax, $2,449.00; Medicare tax, $572.75; income tax, $3,127.24; and net amount due, $33,351.01. Of the total earnings, $31,188.46 was for sales salaries and $8,311.54 was for office salaries. Prepare a general journal entry to record the monthly payroll of the firm on July 31. (Round your final answers to 2 decimal places.)

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Exercise 10.7 (Algo) Journalizing payroll transactions. LO 10-7 On July 31, the payroll register for...

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