Question
Johns' weekly payroll is $10266 which includes FICA taxes withheld of $760 and federal/state income taxes withheld of $2497. Which of these will be included
Johns' weekly payroll is $10266 which includes FICA taxes withheld of $760 and federal/state income taxes withheld of $2497. Which of these will be included in the journal entry to record the salaries and wages paid and employee payroll deductions?
Select one: a. Debit Salaries and Wages Expense for $7009 b. Debit FICA Taxes Payable for $760 c. Credit Cash for $7009 d. Credit Cash for $10266
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
