The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Retirement savings withheld from employee paychecks were $5,400 for the period. Federal withholding for the period totaled $17,820. On December 31, provide the journal entry for the period’s payroll. Refer to the Chart of Accounts for exact wording of account titles.
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The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medi...
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