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4. The following totals for the month of July were taken from the payroll register of Lakeside Company. Salaries $16,000 Social security and Medicare taxes
4.
The following totals for the month of July were taken from the payroll register of Lakeside Company.
Salaries | $16,000 |
Social security and Medicare taxes withheld | 900 |
Employees federal income taxes withheld | 2,500 |
Medical insurance deductions | 450 |
Federal unemployment taxes | 32 |
State unemployment taxes | 216 |
The journal entry to record the monthly payroll on July 31 would include a
a.credit to Salaries Expense for $16,000.
b.debit to Salaries Expense for $16,000.
c.debit to Salaries Payable for $11,902.
d.debit to Salaries Payable for $12,150.
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