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totals for the month of April were taken from the payroll register of Omar Company. Salaries and wages $72,000 FICA taxes 5,508 Income taxes withheld

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totals for the month of April were taken from the payroll register of Omar Company. Salaries and wages $72,000 FICA taxes 5,508 Income taxes withheld 15,000 Medical insurance deductions 2,700 Federal unemployment taxes 192 State unemployment taxes 1296 The journal entry to record the monthly payroll on April 30 would include a Select one: 0 a. debit to Salaries and Wages Expense for 551 000, b. debit to Salaries and Wages Payable for $72,000. c. The answer does not exist d. credit to Salaries and Wages Payable for $72,000. e debit to Salaries and Wages Expense for 72 A $100 petty cash fund has cash of $19 and receipts of $84. The journal entry to replenish the account would include a credit to Select one: a. The answer does not exist b. Petty Cash for $85. c. Cash for $91. d. Cash Over and Short for $6. e. Cash for $85 Woulk Company has a debit balance of $8,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at the end of the year, Woulk estimates that $60,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is Select one: a. $600,000. b. $72,000. c. $68,000 0 d. The answer does not exist e. $8,0000

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