Question

Do It! Review 10-1b During the month of February, Riverbed Corp’s employees earned wages of $94,720. Withholdings related to these wages were $7,246 for Social Security (FICA), $9,088 for federal income tax, and $2,432 for state income tax. Costs incurred for unemployment taxes were $141 for federal and $205 for state. 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 (b) The company’s payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit a) Feb. 28 b) Feb. 28 SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER

Answer 1

Journal Entries
Date	Accounts title and explanations					Debit $	Credit $
Feb	Salaries and wages expense Account Dr.					94720
	FICA tax payable Account						7246
	Federal income Tax payable						9088
	State income tax payable						2432
	Salaries and wages payable						75954
Feb	Payroll Tax expense Account Dr.					7592
	FICA tax payable Account						7246
	State unemployment tax Account						205
	Federal Unemployment Tax Account						141
Mar	Salaries and wages payable Account Dr.					75954
	Cash Account						75954