Question

During the month of March, Oriole Company’s employees earned wages of $76,000. Withholdings related to these wages were $5,814 for Social Security (FICA), $8,906 for federal income tax, $3,681 for state income tax, and $475 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $831 for state unemployment tax.

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
Debit
Credit
Mar. 31
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount
enter an account title to record salaries and wages expense and salaries and wages payable on March 31
enter a debit amount
enter a credit amount

LINK TO TEXT

Prepare the entry to record the company’s payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date
Account Titles and Explanation
Debit
Credit
Mar. 31
enter an account title to record the company's payroll tax expense on March 31
enter a debit amount
enter a credit amount
enter an account title to record the company's payroll tax expense on March 31
enter a debit amount
enter a credit amount
enter an account title to record the company's payroll tax expense on March 31
enter a debit amount
enter a credit amount

Answer 1

		Debit	Credit
Mar. 31	Salaries and Wage Expense	76000
	FICA Taxes Payable		5814
	Federal Income Taxes Payable		8906
	State Income Taxes Payable		3681
	Union Dues Payable		475
	Salaries and Wages Payable		57124
Mar. 31	Payroll Tax Expense	6645
	FICA Taxes Payable		5814
	State Unemployment Taxes Payable		831