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Lightning Electronics is a midsize manufacturer of lithlum batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling

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Lightning Electronics is a midsize manufacturer of lithlum batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $60,000 but that employee income taxes totaling $9,000 and FICA taxes totaling $3,125 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. Assume Lightring Electronics also must pay $350 of unemployment taxes for this pay period. Prepare the journal entry or entries that Lightning would use to record the payroll. Include both employee and employer taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the wages expense for November 1-14 time period, including payroll deductions. Note: Cnter debits before credits Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $60,000 but that employee income taxes totaling $9,000 and FICA taxes totaling $3,125 were withheld from this amount. The net pay was directly deposited into the employees' bank accounts. Assume Lightning Electronic also must pay $350 of unemployment taxes for this pay period. Prepare the journal entry or entries that Lightning would use to record the payroll. Include both employee and employer taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet

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