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please explain in detail 9 Ughtning Electronics is a midstre manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay perlod show
please explain in detail
9 Ughtning Electronics is a midstre manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay perlod show that employees eamed wages totaling $52,000 but that employee income taxes totaling $7400 and FICA taxes totaling $2.725 were withheld from this amount. The net pay was directly deposited into the employees bank accounts. Assume Lightning Electronics also must pay $270 of unemployment taxes for this pay perlod 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) 8 OM View transactions Journal entry worksheet > Record the wagen expense for Novemba 14 time period, including payroll deduction terbefore credits Thanato 1 General Journal Debit Credit View transaction list ebook Punt References Journal entry worksheet Step by Step Solution
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