According to the accountant of Metlock, Inc., its payroll taxes for the week were as follows: $140.00 for FICA taxes, $22.00 for federal unemployment taxes, and $93.00 for state unemployment taxes. Journalize the entry to record the accrual of the payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 10.50.) Account Titles and Explanation Debit Credit

According to the accountant of Metlock, Inc., its payroll taxes for the week were as follows: $140.00 for FICA taxes, $22.00 for federal unemployment taxes, and $93.00 for state unemployment taxes. Journalize the entry to record the accrual of the payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 10.50.) Account Titles and Explanation Debit Credit

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 1MP: The totals line from Nix Companys payroll register for the week ended March 31, 20--, is as follows:...

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