Exercise 3-4 During the month of March, Blossom Company's employees eamed wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (ICA), $9,727 for federal income tax, $4,020 union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $908 for state unemployment tax. (a) Prepare a tabula summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April (b) Prepare a tabular summary to record the company's payroll tax expense. rentheses) in front of the amount entered for the particular Asset M (If a transaction causes a decrease in Assets, Liables or stockholders' Equity, place a negative sign for reduced.) Assets Liabilities Stockholders' Equity Retained Ear FICA Taxes Salaries Wages Pay. Fed. Inc. Taxes Pay. St. Inc Taxes Pay. Common Stock Union Dues Pay. - Cash State Unemp. Taxes Pay. Revenue Expense Divider Pay. (a) Mar. 31 (b) Mar 31 C d like to show Work for this stinn: Open Show Work n Company's employees earned wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (FICA), $9,727 for federal income tax, $4,020 for state income tax, and $519 for ho cost related to these earnings for federal unemployment tax but incurred $908 for state unemployment tax. record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April record the company's payroll tax expense. se in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was Liabilities Stockholders' Equity Retained Earnings Common Union Dues St. Ing. Taxes Pay. + FICA Taxes Pay. Revenue - State Unemp. Taxes Pay. lories ges Pay. + Dividend Expense - Fed. Inc. Taxes Pay. Pay. Exercise 3-4 During the month of March, Blossom Company's employees eamed wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (ICA), $9,727 for federal income tax, $4,020 union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $908 for state unemployment tax. (a) Prepare a tabula summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April (b) Prepare a tabular summary to record the company's payroll tax expense. rentheses) in front of the amount entered for the particular Asset M (If a transaction causes a decrease in Assets, Liables or stockholders' Equity, place a negative sign for reduced.) Assets Liabilities Stockholders' Equity Retained Ear FICA Taxes Salaries Wages Pay. Fed. Inc. Taxes Pay. St. Inc Taxes Pay. Common Stock Union Dues Pay. - Cash State Unemp. Taxes Pay. Revenue Expense Divider Pay. (a) Mar. 31 (b) Mar 31 C d like to show Work for this stinn: Open Show Work n Company's employees earned wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (FICA), $9,727 for federal income tax, $4,020 for state income tax, and $519 for ho cost related to these earnings for federal unemployment tax but incurred $908 for state unemployment tax. record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April record the company's payroll tax expense. se in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was Liabilities Stockholders' Equity Retained Earnings Common Union Dues St. Ing. Taxes Pay. + FICA Taxes Pay. Revenue - State Unemp. Taxes Pay. lories ges Pay. + Dividend Expense - Fed. Inc. Taxes Pay. Pay
