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McHale Enterprises Has the Following Incomplete General Journal Entry for the Most

Question 23

Multiple Choice

McHale Enterprises has the following incomplete General Journal entry for the most recent pay date: What is the amount of the 401(k) contributions for the pay date?
 Oct 27 Wages and salaries expense 522$298,384.00 Federal withholding tax payable 220$50725.28 5ocial Security tax payable 22117,980.56 Medicare tax payable 2224,205.13401(k)  contributions payable 223??? Health Insurance payable 2248375.00 Savings bonds payable 2271,850.00 Wages and salaries payable 226202,671.98 Oct 27 Wages and salaries payable 226202,671.98 Cash 101202,671.98\begin{array} { | l | l | l | r | r | r | } \hline \text { Oct } & 27 & \text { Wages and salaries expense } & 522 & \$ 298,384.00 & \\\hline & & \text { Federal withholding tax payable } & 220 & & \$ 50725.28 \\\hline & & \text { 5ocial Security tax payable } & 221 & & 17,980.56 \\\hline & & \text { Medicare tax payable } & 222 & & 4,205.13 \\\hline & & 401 ( k ) \text { contributions payable } & 223 & & ? ? ? \\\hline & & \text { Health Insurance payable } & 224 & & 8375.00 \\\hline & & \text { Savings bonds payable } & 227 & & 1,850.00 \\\hline & & \text { Wages and salaries payable } & 226 & & 202,671.98 \\\hline&&&&\\\hline \text { Oct } & 27 & \text { Wages and salaries payable } & 226 & 202,671.98 & \\\hline & & \text { Cash } & 101 & & 202,671.98 \\\hline\end{array}


A) $2,253.00
B) $15,298.22
C) $12,576.05
D) $9,215.38

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