Answer:
The journal entry shown below:
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Salary expense A/c Dr $47,000
To Social security A/c $2,820
To Medicare tax A/c $705
To Federal withholding A/c $7,990
To Retirement savings A/c $2,700
To Salaries payable A/c $32,785
(Being the payroll for current period is recorded)
Salaries payable computation = Salary expense - Total other deductions
= $47,000 - ( $2,820 +,$705 + $7,990 + $2,700)
= $32,785
(Note: There are two Federal withholding amounts are given. we have considered the first amount to calculate.)
