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    tsmehringer's Avatar
    tsmehringer Posts: 3, Reputation: 1
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    #1

    Jun 21, 2012, 07:55 PM
    Journalize salaries and withheld income tax
    The company paid cash $2,800 for employee salaries of May. Gross amount of salary is $3,200, and $400 is held for income tax.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 21, 2012, 08:07 PM
    Interesting information, what is your question?

    Show us what you think and we will tell you if you are right
    tsmehringer's Avatar
    tsmehringer Posts: 3, Reputation: 1
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    #3

    Jun 21, 2012, 08:40 PM
    Salaries exp 2,800
    inc. tax withheld 400
    Cash 3,200
    tsmehringer's Avatar
    tsmehringer Posts: 3, Reputation: 1
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    #4

    Jun 21, 2012, 08:41 PM
    Dr salaries exp and inc. tax withheld & cr. Cash
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #5

    Jun 21, 2012, 09:15 PM
    That is incorrect

    Dr Salaries 3200
    Cr Tax withheld 400
    Cr Cash 2800
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