Answer:
The journal entry for the period's payroll would be as follows:
Debit Credit
Total salaries $31,000
social security $1,860
Medicare tax $465
Federal withholding $5,580
Salaries Payable $23,095
Explanation:
According to the given data the journal entry for the period's payroll would be as follows:
Debit Credit
Total salaries $31,000
social security $1,860
Medicare tax $465
Federal withholding $5,580
Salaries Payable $23,095
Salaries Payable=Total salaries-social security+Medicare tax+Federal withholding
Salaries Payable=$31,000-$1,860-$465- $5,580
Salaries Payable=$23,095
