Question

g The following totals for the month of April were taken from the payroll records of Kingbird Company. Salaries $144000 FICA taxes withheld 11020 Income taxes withheld 30000 Medical insurance deductions 5400 Federal unemployment taxes 380 State unemployment taxes 2590 The journal entry to record the monthly payroll on April 30 would include a debit to Salaries and Wages Expense for $144000. debit to Salaries and Wages Expense for $97580. credit to Salaries and Wages Payable for $144000. debit to Salaries and Wages Payable for $144000.

Answer 1

Answer:

debit to Salaries and Wages Expense for $144000

Explanation:

The journal entry to record the monthly payroll is given below

Salary & Wages Expenses $144,000

             To FICA Tax withheld $11,020

            To Income Tax withheld $30,000

             To Medical Insurance deduction $5,400

             To Salary & Wages Payable $97,580

(To record salary and wages expenses)

In this way, the journal entry should be made to record the monthly payroll as on April 30