The following totals for the month of April were taken from the payroll records of Crane...
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The following totals for the month of April were taken from the payroll records of Crane Service Company. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $82000 6273 17100 3075 220 1476 The entry to record the accrual of federal unemployment tax would include a debit to Salaries and Wages Payable for $220. credit to Federal Unemployment Taxes Payable for $220. credit to Payroll Tax Expense for $220. debit to Federal Unemployment Taxes Payable for $220. The following totals for the month of April were taken from the payroll records of Crane Service Company. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $82000 6273 17100 3075 220 1476 The entry to record the accrual of federal unemployment tax would include a debit to Salaries and Wages Payable for $220. credit to Federal Unemployment Taxes Payable for $220. credit to Payroll Tax Expense for $220. debit to Federal Unemployment Taxes Payable for $220.
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Solution The correct answer is b credit to Federal Unemployment Taxes Payabl... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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