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During the month of March, Blossom Company's employees earned wages of $72,000. Withholdings related to these wages were $5,508 for FICA $8,640 for federal income

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During the month of March, Blossom Company's employees earned wages of $72,000. Withholdings related to these wages were $5,508 for FICA $8,640 for federal income tax, $3,600 for state income tax, and $432 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $720 for state unemployment tax. (a) Your answer is correct. Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Salaries and Wages Expense FICA Taxes Payable 5508 Federal Income Taxes Payable 8640 State Income Taxes Payable 3600 Union Dues Payable 432 Salaries and Wages Payable 53820 ANG BR Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Prev Next > Your grade has been recorded in the Gradebook. Thu, Apr 16, 2020, 2:07:49 PM (America/New York-04:00)

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