Multiple Choice Question 114 The following totals for the month of April were ta
ID: 2533059 • Letter: M
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Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Bramble Corp.. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $117600 9000 24500 4400 310 2120 The entry to record the payment of net payroll would include a credit to Cash for $88700. debit to Salaries and Wages Payable for $77580. debit to Salaries and Wages Payable for $70700. debit to Salaries and Wages Payable for $79700.Explanation / Answer
D. debit to Salaries and Wages Payable for $79,700.
The entry to record the payment of net payroll would include a debit to Salaries and Wages Payable:
= $117,600 ? $9,000 ? $24,500 ? $4,400
= $79,700
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