Don Walls's gross earnings for the week were $1,780, his federal income tax withholding was $301.63, and his FICA total was $135.73

What was Walls's net pay for the week?

Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries Payable; not Cash.)

Record the issuing of the check for Walls's pay in the general journal

Take the gross earnings minus FIT and FICA to get the net pay.

Debit Salaries Expense for the gross earnings, Credit FIT Payable for the amount withheld, Credit FICA Payable for the amount of FICA, and Credit Salaries Payable for the amount calculated above.

Debit Salaries Payable for the amount calcvulated in the first step and Credit Cash for the same amount.

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Originally Posted by pready

Take the gross earnings minus FIT and FICA to get the net pay.

Debit Salaries Expense for the gross earnings, Credit FIT Payable for the amount withheld, Credit FICA Payable for the amount of FICA, and Credit Salaries Payable for the amount calculated above.

Debit Salaries Payable for the amount calcvulated in the first step and Credit Cash for the same amount.

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The second portion came up as wrong with the exception of the debit for the saleries expense. Please advise.

Without knowing hat accounts you have, but I would try Debiting Salaries Expense and Crediting Salaries Payable for the same amount.

Quote:

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Originally Posted by pready

Without knowing hat accounts you have, but I would try Debiting Salaries Expense and Crediting Salaries Payable for the same amount.

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I had the accounts you mentioned as options but they came up as wrong let me post the entire format of the question

Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries Payable; not Cash.) (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2. Round answers to 2 decimal places, e.g. 10.50.)



Account/Description

Debit

Credit



CashSalaries payableSalaries expenseFederal income taxes payableFICA taxes payableFICA taxes expenseFederal income tax expense







Federal income tax expenseCashFICA taxes payableSalaries payableSalaries expenseFICA taxes expenseFederal income taxes payable







Federal income taxes payableCashFICA taxes payableFICA taxes expenseSalaries expenseFederal income tax expenseSalaries payable







Salaries expenseFICA taxes payableFICA taxes expenseFederal income tax expenseSalaries payableCashFederal income taxes payable

Were your taxes amount given, or did you have to calculate them?

For FICA you will have to record the employer match so your journal entry will be a Debit to FICA Taxes Expense and FICA Taxes Payable for the same amount that was withheld from the employee.