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During the month of March, Lisa Company's employees earned wages of $72.000. Withholdings related to these wages were $5.508 for Social Security (FICA). $14.400 for

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During the month of March, Lisa Company's employees earned wages of $72.000. Withholdings related to these wages were $5.508 for Social Security (FICA). $14.400 for federal income tax $7,000 for state income tax and $800 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $1,400 for state unemployment tax Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 Type here to search 7 Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 Attempts: 0 of 1 used Submit Answer - Type here to search SOUL

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