Question - The totals from the first payroll of the year are shown below.
|
Total
Earnings
|
FICA
OASDI
|
FICA
HI
|
FIT
W/H
|
State
Tax
|
Union
Dues
|
Net
Pay
|
|
$36,195.10
|
$2,244.10
|
$524.83
|
$6,515.00
|
$361.95
|
$500.00
|
$26,049.22
|
Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.