adium Manufacturing has the following data available for its September 30, 2019, payroll: Wages earned $246,000 * Federal income taxes withheld 62,200   * All subject to Social Security and Medicare matching and withholding of 6.2% and 1.45%, respectively. Federal unemployment taxes of 0.80% and state unemployment taxes of 1.20% are payable on $231,000 of the wages earned. Paychecks won’t be written until Oct 5. Prepare the Sept 30 journal entry for wages and withholdings . Account Names

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Stadium Manufacturing has the following data available for its September 30, 2019, payroll: 

Wages earned 

$246,000 

Federal income taxes withheld 

62,200 

  

* All subject to Social Security and Medicare matching and withholding of 6.2% and 1.45%, respectively. 

Federal unemployment taxes of 0.80% and state unemployment taxes of 1.20% are payable on $231,000 of the wages earned.  Paychecks won’t be written until Oct 5. 

 

Prepare the Sept 30 journal entry for wages and withholdings .

Account Names DR CR
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