The following totals for the month of June were taken from the payroll register

Question

The following totals for the month of June were taken from the payroll register of Ford Company.

Salaries and wages $40,000
FICA taxes withheld 3,066
Income taxes withheld 8,800
Medical insurance deductions 1,600
Federal unemployment taxes 320
State unemployment taxes 2,000

The journal entry to record the monthly payroll on June 30 would include a

debit to Salaries Expense for $26,534.

debit to Salaries and Wages Payable for $40,000.

debit to Salaries and Wages Expense for $40,000.

credit to Salaries and Wages Payable for $40,000.

Explanation / Answer

debit to Salaries and Wages Payable for $26,534.

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