Don Walls\'s gross earnings for the week were $1,780, his federal income tax wit

Question

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? (Round answer to 2 decimal places, e.g. 10.50.)
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 eg 10, 5, 3, 2. Round answers to 2 decimal places, e.g. 10.50.)?
Record the issuing of the check for Walls's pay in the general journal?

Explanation / Answer

1. Net pay = 1342.64 2. Debit: Salaries expense 1780.00 Credits: Salaries Payable 1342.64 Employee Federal Income Taxes Payable 301.63 FICA Payable 135.73 3. Debit: Cash 1342.64 Credit: Salaries Payable 1342.64

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