lorah, a district manager for a commercial food distributor, is in charge of implementing the company’s plan to reduce cost of goods sold by 12%. lorah is reviewing quarterly expense reports to determine how each section of her district is progressing toward the cogs reduction, thus lorah is controlling the direction by

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.