Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 The following totals for the month of April were taken from the payroll register of Waterway Company. Salaries and wages $73500 FICA taxes
Question 5 The following totals for the month of April were taken from the payroll register of Waterway Company. Salaries and wages $73500 FICA taxes withheld 5504 Income taxes withheld 15300 Medical insurance deductions 2760 Federal unemployment taxes 190 State unemployment taxes 1288 The journal entry to record the monthly payroll on April 30 would include a O credit to Salaries and Wages Payable for $73500. O debit to Salaries and Wages Expense for $73500. O debit to Salaries and Wages Expense for $58200. O debit to Salaries and Wages Payable for $73500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started