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Prepare the journal entry to record north company expense

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Question - On January 15, the end of the first pay period of the year, North Company's employees earned $24,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,400 of federal income taxes, $382 of medical insurance deductions, and $140 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities.

Reference no: EM133179278

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