The following totals for the month of April were taken from the payroll register
ID: 2403480 • Letter: T
Question
The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages $72100 FICA taxes withheld 5518 Income taxes withheld 14600 Medical insurance deductions 2640 Federal unemployment taxes 189 State unemployment taxes 1286 The journal entry to record the monthly payroll on April 30 would include a debit to Salaries and Wages Expense for $57500. debit to Salaries and Wages Expense for $72100. debit to Salaries and Wages Payable for $72100. credit to Salaries and Wages Payable for $72100.
Explanation / Answer
Answer is debit Salaries and wages expense by $ 72100 Explanation: Journal entry: Salaries and wages expense Account Dr. 72100 FICA taxes payable Account 5518 Federal income tax payable 14600 Medical insurance payable 2640 Salaries and wages payable 49342
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.