The Following Data Were Provided by the Detailed Payroll Records

question 139

Essay

The following data were provided by the detailed payroll records of Journey Corporation for the month of March 20X0: $$\begin{array} { | l | r | } \hline \text { Salaries } & \$ 20,000 \\\hline \text { Wages } & 15,000 \\\hline \text { Income taxes withheld } & 7,350 \\\hline \text { Union dues } & 175 \\\hline\end{array}$$ Income taxes at an average 7.65% rate (no employee has reached the maximum) Required:
1. Give the March 31, 20X0 entry to record the payroll and related employee deductions.
2. Give the March 31, 20X0 entry to record the employer's payroll income tax expense.