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General Accounting Discussions: Transaction, payroll,payroll deductions,taxes

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    Help, please, The transaction is:
    Issued check no.321to Johnson bank to purchase US Savings bonds for employees. The amount is not in question, I need to journalize the transaction. I missed class today due to bad weather, and need to know this. Thanks for your help.
  2.  
    well you can take help from the following site and hope so it will better assist you!

    http://www.avicennaaccounting.com
    • CommentAuthorpk
    • CommentTimeDec 31st 2009
     
    If you are going to Deduct the payment from Employees, then the following entry will be passed:

    Dr. Employee Receivable
    Cr. Cash/Bank

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