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Journal Entries, Need answered in 30 minutes! Salaries and wages: Net pay to employees Made on December 31 $5, 680 Income taxes withheld from employees
Journal Entries, Need answered in 30 minutes!
Salaries and wages: Net pay to employees Made on December 31 $5, 680 Income taxes withheld from employees December 29-31 1, 100 FICA taxes withheld from employees December 29-31 420 Total cost of salaries and wages 7, 200 Employer payroll taxes: Employer payroll taxes: FICA taxes (matching contribution) 420 December 29-31 Unemployment taxes Payroll December 29-31 560 Total payroll costs $8.180 Give the journal entries on December 31 to adjust for salaries and wages relating to December 29-31 2015. SALARIES AND WAGES EXPENSE ENTRYStep by Step Solution
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