s regi Complete the journal entry for the sales. sales. sales taX at a 107o rate. Account Debit Credit 11. AB Company owes wages in the amount of $40,000. withholdings for these wages were $3060 for FICA, $4000 for federal income tax and $2000 for state income tax. Unemployment tax costs were $140 for federal unemployment and $80 for state unemployment. Prepare the journal entries for salaries and wages and the employer tax expense Account Debit Credit
s regi Complete the journal entry for the sales. sales. sales taX at a 107o rate. Account Debit Credit 11. AB Company owes wages in the amount of $40,000. withholdings for these wages were $3060 for FICA, $4000 for federal income tax and $2000 for state income tax. Unemployment tax costs were $140 for federal unemployment and $80 for state unemployment. Prepare the journal entries for salaries and wages and the employer tax expense Account Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![10. AB Company's register tape shows $4800 in sales. This includes sales tax collected at a 10% rate.
Complete the journal entry for the sales.
Account
Debit
Credit
11. AB Company owes wages in the amount of $40,000. Withholdings for these wages were
$3060 for FICA, $4000 for federal income tax and $2000 for state income tax. Unemployment tax costs
were $140 for federal unemployment and $80 for state unemployment. Prepare the journal entries
for salaries and wages and the employer tax expense
Account
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83b39fbc-ebdf-45d5-ba7f-5afbcaab1b76%2Ffc2718a5-d4bc-463c-99eb-59257506510b%2Fyqc3xa_processed.png&w=3840&q=75)
Transcribed Image Text:10. AB Company's register tape shows $4800 in sales. This includes sales tax collected at a 10% rate.
Complete the journal entry for the sales.
Account
Debit
Credit
11. AB Company owes wages in the amount of $40,000. Withholdings for these wages were
$3060 for FICA, $4000 for federal income tax and $2000 for state income tax. Unemployment tax costs
were $140 for federal unemployment and $80 for state unemployment. Prepare the journal entries
for salaries and wages and the employer tax expense
Account
Debit
Credit
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