ezto.mheducation.com E9-2 Check Your Work 10.00 points Paul Company completed th

Question

ezto.mheducation.com E9-2 Check Your Work 10.00 points Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages earned by employees Employee income taxes withheld Employee government insurance premiums withheld FICA payroll taxes* $202,000 40,400 5,000 15,900 $15,900 each for employer and employees. Required 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yet to transfer any withholdings to the government. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the payroll for March, including employee deductions. Note: Enter debits before credits Date General Journal Debit Credit March 31

Explanation / Answer

31-Mar Salaries and wages expense 202000         Employee income taxes payable 40400         Employee government insurance premiums payable 5000         FICA taxes payable 15900         Cash 140700 31-Mar Payroll tax expense 159000         FICA taxes payable 159000 31-Mar Employee income taxes payable 40400 Employee government insurance premiums payable 5000 FICA taxes payable 15900         Cash 61300

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