Business and Industry
401k and 403b Plans
Financial Statements

What is the general journal entry to record 401k?

User Avatar
Wiki User
2009-10-21 17:46:47

To record payroll for month end:

D R Payroll Expenses

CR Cash

CR 401 Payable

To pay 401k plan

DR 410k Payable

CR cash

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.