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Question - McHale Enterprises has the following incomplete General Journal entry for the most recent pay date:
Date
Account Title
Account Number
Debit
Credit
October 27
Wages and salaries expense
522
$306,384.00
Federal withholding tax payable
220
$52,085.28
Social Security tax payable
221
18,462.64
Medicare tax payable
222
4,317.87
401(k) contributions payable
223
?
Health Insurance payable
224
8,599.54
Savings bonds payable
227
1,899.60
Wages and salaries payable
226
207,463.35
Cash
101
Required - What is the amount of the 401(k) contributions for the pay date?
a. $2,313.40
b. $15,708.38
c. $13,555.72
d. $9,462.46
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