Question

journal entries for paid wages and state the involved of each account​

Answer 1

Journal Entry For Paid Wages. Wages is a nominal account and because this is an expense of Business, as such, Wages account will be debited according to the rule of “Debit all expenses”. Cash account will be credited, as cash is going out of the business. In the following examples we assume that the employee's tax rate for Social Security is 6.2% and that the employer's tax rate is 6.2%.In this section of payroll accounting we will provide examples of the journal entries for recording the gross amount of wages, payroll withholdings, and employer costs related to payroll.Let's assume that a distributor has hourly-paid employees working in two departments: delivery and warehouse. The company's workweek is Sunday through Saturday and paychecks are dated and distributed on the Thursday following the workweek.For the workweek of December 18–24, the gross wages are $1,000 for hourly employees in the delivery department and $1,300 for employees in the warehouse. Tax withholdings are hypothetical amounts from federal and state tax withholding tables. Other withholdings are based on agreements with employees and court orders. Paychecks are dated and distributed on December 29.The journal entry to record the hourly payroll's wages and withholdings for the work period of December 18–24 is illustrated in Hourly Payroll Entry #1. In accordance with accrual accounting and the matching principle, the date used to record the hourly payroll is the last day of the work period..

plzz mark as brainiest

20thnx=30thnx

follow me so that I will follow u back

Answer 2

Answer:

Qwertyuiopasdfghjklzxcvbnm