i need the answer quickly Burbaker Company pays its employees every other Friday. December 31, 2020, was a Sunday. On Friday, January 5, 2021, Burbaker paid wages of $91,000, which covered the 14-day periodfrom December 20, 2020, through January 2, 2021. Wages were earned evenly across all days, including Saturdays and Sundays. Employee income taxes withheld for this payroll period totaled$17,185, while the FICA tax withheld was $16,100. (Ignore the employer payroll taxes in this exercise.) Prepare the entry to accrue the company's wages and payroll taxes atDecember 31, 2020. (Assume the $91,000 in wages was the gross amount of the payroll. Record debits first, then credits. Exclude explanations from any journal entries.)DecDate202031Journal EntryAccountsDebitCredit

Payroll is the total amount of money that an association pays its workers over a given time period;…

Burbaker Company pays its employees every other Friday. December 31, 2020, was a Sunday. On Friday, January 5, 2021, Burbaker paid wages of $91,000, which covered the 14-day peri from December 20, 2020, through January 2, 2021. Wages were earned evenly across all days, including Saturdays and Sundays. Employee income taxes withheld for this payroll period tot $17,185, while the FICA tax withheld was $16,100. (Ignore the employer payroll taxes in this exercise.) Prepare the entry to accrue the company's wages and payroll taxes at December 31, 2020. (Assume the $91,000 in wages was the gross amount of the payroll. Record debits first, then credits. Exclude explanations from any journal entries.) Dec Date 2020 31 Journal Entry Accounts Debit Credit

Burbaker Company pays its employees every other Friday. December 31, 2020, was a Sunday. On Friday, January 5, 2021, Burbaker paid wages of $91,000, which covered the 14-day peri from December 20, 2020, through January 2, 2021. Wages were earned evenly across all days, including Saturdays and Sundays. Employee income taxes withheld for this payroll period tot $17,185, while the FICA tax withheld was $16,100. (Ignore the employer payroll taxes in this exercise.) Prepare the entry to accrue the company's wages and payroll taxes at December 31, 2020. (Assume the $91,000 in wages was the gross amount of the payroll. Record debits first, then credits. Exclude explanations from any journal entries.) Dec Date 2020 31 Journal Entry Accounts Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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