After the ABC Corporation paid its employees on June 15, 2019, and recorded the corporation's share of payroll taxes for the payroll paid that date, the firm's general ledger showed a balance of $2,380 in the Social Security Tax Payable account, a balance of $685 in the Medicare Tax Payable account, and a balance of $3,050 in the Employee Income Tax Payable account. On June 16, 2019, the business issued a check to deposit the taxes owed in the local bank. Record this transaction on page 15 of a general journal.
What will be an ideal response?
GENERAL JOURNAL PAGE 15 | ||||
DATE | DESCRIPTION | P.R. | DEBIT | CREDIT |
2019 | ? | ? | ? | ? |
June 16 | Social Security Tax Payable | ? | 2,380 | ? |
? | Medicare Tax Payable | ? | 685 | ? |
? | Employee Income Tax Payable | ? | 3,050 | ? |
? | Cash | ? | ? | 6,115 |
? | Paid payroll taxes | ? | ? | ? |
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