Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer: Multiple Choice Question 137 The following totals for the month of June were taken from the payroll register of Swifty Company. Salaries and wages
Answer: Multiple Choice Question 137 The following totals for the month of June were taken from the payroll register of Swifty Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $80200 6145 17400 3200 580 4500 The entry to record the accrual of federal unemployment taxes would include a a credit to Federal Unemployment Taxes Payable for $580. b. debit to Federal Unemployment Taxes Payable for $580. c. credit to Federal Unemployment Taxes Expense for $580. d. credit to Payroll Tax Expense for $580
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started