00:01
Hello students, let us solve the problem.
00:02
So, here we need to draft the journal entry for this problem.
00:05
So, let us solve that.
00:07
So, our journal entry format will be date, account title, debit and credit.
00:25
So, our first entry is on november 13.
00:29
So, which is wages expenses 7800.
00:35
So, this will be our data.
00:38
So, we have 2 fica tax payable.
00:47
So, that is 483 .60 which come from 78000 into 6 .2 % and then fica tax payable under hi.
01:04
So, this is under oasdi.
01:07
So, under hi it is 113 .10.
01:13
So, which come from 7800 into 1 .45 % and next is employment, employee fit payable...