Do It! Review 10-1b During the month of February, Bramble Corp.\'s employees eam
ID: 2584203 • Letter: D
Question
Do It! Review 10-1b During the month of February, Bramble Corp.'s employees eamed wages of $111,000. Withholdings related to these wages were $8,492 for Social Security (FICA) Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March state. (b) The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit a) Feb. 28 b) Feb. 28Explanation / Answer
Feb-28 Salaries and wages expense 111000 Social Security FICA taxes payable 8492 Federal income tax payable 10650 State income tax payable 2850 Salaries and wages payable 89008 Feb-28 Payroll tax expense 8897 Social Security FICA taxes payable 8492 Federal unemployment taxes payable 165 State unemployment taxes payable 240
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.