Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this accounting problem. The Pie Pizzeria was voted Utah's best pizza and has multiple locations throughout the state. The company's payroll

I need help with this accounting problem.

image text in transcribedimage text in transcribed

The Pie Pizzeria was voted Utah's best pizza and has multiple locations throughout the state. The company's payroll records for the April 115 pay period show that employees earned wages totaling $73,000 but that employee income taxes totaling $11,600 and FICA taxes totaling $3,775 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. Assume the Pie Pizzeria also must pay $480 of unemployment taxes for this pay period. Prepare the jounal entries that the Pie would use to record payroll. Include both the employee and employer taxes. View transaction list Journal entry worksheet . B > Record the wages expense for April 1-15 time period, including payroll deductions. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions