Question 29 2 pts The following totals for the month of April were taken from the payroll records of Noll Company. $120,000 9,180 25,000 Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions4,500 Federal unemployment taxes320 State unemployment taxes The entry to record accrual of employer's payroll taxes would include a 2,160 o debit to Payroll Tax Expense for $2.480. debit to Payroll Tax Expense for $11.660. ) credit to FICA Taxes Payable for $18.360 il), credit to Payroll Tax Expense for $2.480 Question 30 2 pts Question 2 10 pts An inexperienced accountant for Teahan Corporation made the following entries. July 1 Cash 170,000 Common Stock 170,000 (Issued 20,000 shares of no-par common stock stated value $5 per share) Sept 1 Common Stock 36,000 24,000 Retained Earnings Cash 60,000 (Purchased 4,000 shares issued on July 1 for the treasury at $15 per share) Instructions On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions. (Omit explanations.) HTML Editor