Multiple Choice Question 114

The following totals for the month of April were taken from the payroll records of Sheffield Corp..

Salaries $127200

FICA taxes withheld 9730

Income taxes withheld 26500

Medical insurance deductions 4800

Federal unemployment taxes 340

State unemployment taxes 2290

The entry to record the payment of net payroll would include a?

A. credit to Cash for $95900.

B. debit to Salaries and Wages Payable for $83880.

C. debit to Salaries and Wages Payable for $86170.

D. debit to Salaries and Wages Payable for $76440.