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Brief Exercise 13-6 Sarasota Corporation\'s weekly payroll of $24,000 included F

ID: 2397223 • Letter: B

Question

Brief Exercise 13-6 Sarasota Corporation's weekly payroll of $24,000 included FICA taxes withheld of $1,836, federal taxes withheld of $3,250, state taxes withheld of $980, and insurance premiums withheld of $250. Prepare the journal entry to record Sarasota's payroll. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

Explanation / Answer

General Journal Debit Credit Salaries and wages expense $24,000 FICA taxes payable $1,836 Withholding taxes payable $4,230 Insurance premium payable $250 Cash $17,684

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