Prepare the necessary March 31 journal entry to record salaries and wages expens

Question

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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 31 salaries and Wages Expen Debit Credit Mar. 31 Salaries and Wages Expen 825001 FICA Taxes Payable Federal Income Taxes State Income Taxes Pa Union Dues Payable Salaries and Wages Pay 6311 Federal Income 9668 3996 516 62009

Explanation / Answer

Debit Credit Mar-31 Payroll tax expenses           21,393 To FICA tax Payable          6,311 To Federal Income tax payable          9,668 To State Income tax payble          3,996 To Unoin Dues Payble             516 To State unemployement Tax             902

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