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Debit payroll
Credit cash / bank
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∙ 9y ago
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What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
What would a journal entry to record the payroll include?
debit payroll expensescredit cash / bank
Journal entry to write off payroll outstanding checks?
Debit bank accountCredit retained earnings
What is a sample journal entry for payroll including federal and state taxes?
Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable
What is payroll journal?
A payroll journal is a listng of all payroll transactions, payments, adjustments, reversals and changes made to employee payroll records during a pay period.
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the general journal entry to record 401k?
To record payroll for month end: D R Payroll Expenses CR Cash CR 401 Payable To pay 401k plan DR 410k Payable CR cash
Which journal produced from the general ledger that is used as an output report?
Payroll journal
What are the general journal entries -pay the payroll?
debit payroll expensescredit cash / bank
