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For the month of June, Beatty Inc. incurs employee gross salaries of $100,000. The following amounts were withheld from these salaries: FICA tax totaling $6,000.
For the month of June, Beatty Inc. incurs employee gross salaries of $100,000. The following amounts were withheld from these salaries: FICA tax totaling $6,000. Federal and state income tax totaling $15,000. Based on the above information, answer the two questions below. Question #1: In the journal entry to record June salaries, by how much should the "Cash" account be credited? Answer: $ Question #2: In the journal entry to record June salaries, by how much should the "Salaries Expense" account be debited? Answer: $
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