Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record salaries and wa
Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record salaries and wa
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 3E
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Question
During the month of March, Oriole Company’s employees earned wages of $58,000. Withholdings related to these wages were $4,437 for FICA, $6,960 for federal income tax, $2,900 for state income tax, and $348 for union dues. The company incurred no cost related to these earnings for federal
Prepare the necessary March 31
Date
|
Account Titles and Explanation
|
Debit
|
Credit
|
---|---|---|---|
Mar. 31
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
|
enter an account title to record salaries and wages expense and salaries and wages payable on March 31enter an account title to record salaries and wages expense and salaries and wages payable on March 31
|
enter a debit amountenter a debit amount
|
enter a credit amountenter a credit amount
|
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