Journalize Period Payroll The payroll register of Castilla Heritage Co. indicates $1,860 of social security withheld and $465 of Medicare tax withheld on total salaries of $31,000 for the period. Federal withholding for the period totaled $5,270. Retirement savings withheld from employee paychecks were $2,500 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.

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Answer:

Details                                                                     Debit                  Credit

Salary Expense                                                     $31,000

Social Security Tax Payable                                                             $1,860

Medicare Tax Payable                                                                      $  465

Federal Withholding Tax Payable                                                    $5,270

Retirement Savings/ Contribution Payable                                      $2,500

Salary Payable                                                                                   $41,095