Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following totals for the month of March were taken from the payroll records of Kern Company. Salanes expenses $270,000 FICA taxes withheld 20,655 Income
The following totals for the month of March were taken from the payroll records of Kern Company. Salanes expenses $270,000 FICA taxes withheld 20,655 Income taxes withheld 59,400 Medical insurance deductions 3,915 Federal unemployment taxes 2160 State unemployment taxes 13,500 The journal entry to record the monthly payroll on March 30 would include a debit to Wages Payable for $170,370. debit to Wages Payable for 5186,030. O debit to Wages Expense for 270,000 debit to Wages Expense for $170,370
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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