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The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes
The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $72100 5508 15600 2710 195 1294 The entry to record the accrual of federal unemployment taxes would include a O credit to Federal Unemployment Taxes Payable for $195. O debit to Federal Unemployment Taxes Expense for $195. O debit to Federal Unemployment Taxes Payable for $195. O credit to Payroll Tax Expense for $195.
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