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urgent During the month of February, Pronghorn Corp's employees earned wages of $84,000. Withholdings related to these wages were $6,426 for FICA. $14.910 for federal
urgent
During the month of February, Pronghorn Corp's employees earned wages of $84,000. Withholdings related to these wages were $6,426 for FICA. $14.910 for federal income tax, and $3,990 for state income tax. Costs incurred for unemployment taxes were $231 for federal and $336 for state. Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March The company's payroll tax expense. (6) (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit (a) Feb. 28 (b) Feb. 28 Step by Step Solution
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