Junkman autos uses a separate checking account to pay their employees. the gross pay for the period was $1,000. however, after deductions were taken out, the net pay for the period was $820. the journal entry to record the issuance of payroll checks to their employees is:

journal entry are given below

Explanation:

given data

gross pay for the period = $1,000

net pay for the period =  $820

to find out

journal entry to record the issuance of payroll checks

solution

journal entry are as

Account Name                       Debit                      Credit

Labor Expenses                        $1000

payroll taxes Payable                                                  $820

Net Payroll Payable                                                     $180

( $1000 - $820 )

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