Redmont Company's gross salaries and wages are $14,000, and it withholds $2,100 for income taxes and $1,071 for FICA taxes, the journal entry to record the employees' pay should include a: a) debit to Salaries and Wages Expense for $10,829. b) debit to Salaries and Wages Payable for $10,829. c) credit to Salaries and Wages Payable for $14,000. d) credit to Salaries and Wages Payable for $10,829.   *  with explanation.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Redmont Company's gross salaries and wages are $14,000, and it withholds $2,100 for income taxes and $1,071 for FICA taxes, the journal entry to record the employees' pay should include a:

a) debit to Salaries and Wages Expense for $10,829.

b) debit to Salaries and Wages Payable for $10,829.

c) credit to Salaries and Wages Payable for $14,000.

d) credit to Salaries and Wages Payable for $10,829.

 

*  with explanation.

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