Question
McFly Company's payroll records for the month of October provide the following information: Salaries and Wages earned $500,000 Employee income tax withheld 46,250 FICA taxes
McFly Company's payroll records for the month of October provide the following information:
| Salaries and Wages earned | $500,000 |
| Employee income tax withheld | 46,250 |
| FICA taxes withheld | 38,250 |
| Unemployement taxes | 3,475 |
Prepare the journal entry(ies) to:
1. Record McFly's payroll expense for the month of October.
2. Record McFly's payroll taxes for the month of October.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
