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what would be the correct jounal entry FEBRUARY 2023 NEEDED ADJUSTMENTS Donald and Joe had employees earn $4,000 of wages during the month. $248 in

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FEBRUARY 2023 NEEDED ADJUSTMENTS Donald and Joe had employees earn $4,000 of wages during the month. \$248 in FICA taxes (Social Security and Medicare) were withheld from their paychecks. In addition, another $400 in federal and state income tax was withheld (based on W4 filings). Not knowing the right way to do it - the company recorded it as a Debit to Employee Wage Expense and a Credit to Cash for $3,352. Adjust as needed

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