Question
f a company's gross salaries and wages are $42,000, and it withholds $6,300 for income taxes and $3,213 for FICA taxes, the journal entry to
| f a company's gross salaries and wages are $42,000, and it withholds $6,300 for income taxes and $3,213 for FICA taxes, the journal entry to record the employees' pay should include a: |
credit to Salaries and Wages Payable for $42,000.
debit to Salaries and Wages Expense for $32,487.
credit to Salaries and Wages Payable for $32,487.
debit to Salaries and Wages Payable for $32,487.
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
