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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

The payment of employees’ state income tax results in which of the following?

  1. a. DR Cash
  2. b. CR Employees’ State Income Tax Payable
  3. c. CR Cash
  4. d. DR Employees’ State Income Tax Expense
  5. e. None of the above

To determine

Provide the correct that is made when payment is made on employee’ state income tax.

Explanation

Payroll:

Payroll refers to the total amount that is required to be paid by the company to its employees during a week, month or other period. It is the financial record of the wages and bonus, net pay, salary and deductions of a company’s employees.

DateAccount Title and explanationDebit ($)Credit ($)
 Employee’s state income tax payableXXX 
     Cash  XXX
 (To record the payment of  employee’s state�...

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