RCES Exercise 8-4 ent During the month of March, Blossom Company's employees earned wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (FICA), $9,727 for federal income tax, $4,020 union dues. The company incurred no cost related to these earmings for federal unemployment tax but incurred $908 for state unemployment tax (a) Prepare a tabular summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April (b) Prepare a tabular summary to record the company's payroll tax expense. Study (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liabilit reduced.) Liabilities Stockholders Equity Assets Retained Eare State Union Dues 4 Common Salaries & Wages Pay Fed. Inc. FICA Taxes + St. Inc. Expense Divide Unemp Taxes Pay Revenue Cash Taxes Pay Pay Taxes Pay Pay. + Stock (a) Mar. 31 (b) Mar. 31 Company's employees earmed wages of $83,000. Withholdings related to these wages were $6,350 for Social Security (FICA), $9,727 for federal income tax, $4,020 for state income tax, and $519 for ho cost related to these earnings for federal unemployment tax but incurred $908 for state unemployment tax. record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April. ecord the company's payroll tax expense ase in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the anmount entered for the particular Asset, Liabiity or Equity itean that was Liabilities Stockholders Equity Retained Earnings State laries & ges Pay FICA Taxes Pay. St. Inc Taxes Pay Union Dues Fed. Inc. Taxes Pay Common Stock Revenue xpense Dividend Pay Unemp. Taxes Pay. $ Vork for this question: Open Shon Work