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Question 3 --/1 View Policies Current Attempt in Progress During the month of March, Sandhill Co.'s employees earned wages of $68,000. Withholdings related to these
Question 3 --/1 View Policies Current Attempt in Progress During the month of March, Sandhill Co.'s employees earned wages of $68,000. Withholdings related to these wages were $5,202 for FICA, $8,160 for federal income tax, $3,400 for state income tax, and $408 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $680 for state unemployment tax. Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Question 4 --/1 View Policies Current Attempt in Progress Sheridan Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Sheridan sells 7,200 subscriptions for cash, beginning with the December issue. Sheridan prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above
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