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Do It! Review 10-1b During the month of February, Cheyenne Corp.'s employees earned wages of $81,400. Withholdings related to these wages were $6,227 for Social
Do It! Review 10-1b During the month of February, Cheyenne Corp.'s employees earned wages of $81,400. Withholdings related to these wages were $6,227 for Social Security (FICA), $7,810 for federal income tax, and $2,090 for state income tax. Costs incurred for unemployment taxes were $121 for federal and $176 for state. Prepare the February 28 journal entries for (a) (b) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Credit a) Feb. 28 b) Feb. 28 Click if you would like to Show Work for this question: Open Show Work
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