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Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Cheyenne Corp.. Salaries $105600 FICA taxes
Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Cheyenne Corp.. Salaries $105600 FICA taxes withheld 8080 Income taxes withheld 22000 Medical insurance deductions 4000 Federal unemployment taxes 280 State unemployment taxes 1900 The entry to record the payment of net payroll would include a
A. debit to Salaries and Wages Payable for $63440.
B. credit to Cash for $79600.
C. debit to Salaries and Wages Payable for $69620.
D. debit to Salaries and Wages Payable for $71520.
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