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The following totals for the month of April vwere taken from the payrall records of Marigold Corp. Salaries FICA taxxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $93600 7160 19500 3500 250 1680 The entry to record the payment of net payroll vwould include a

The following totals for the month of April vwere taken from the payrall records of Marigold Corp. Salaries FICA taxxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $93600 7160 19500 3500 250 1680 The entry to record the payment of net payroll vwould include a

FINANCIAL ACCOUNTING
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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which one would it be and why?

credit to Cash for $70600. debit to Salaries and Wages Payable for $56280. debit to Salaries and Wages Payable for $61760. debit to Salaries and Wages Payable for $63440.
Transcribed Image Text:credit to Cash for $70600. debit to Salaries and Wages Payable for $56280. debit to Salaries and Wages Payable for $61760. debit to Salaries and Wages Payable for $63440.
Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Marigold Corp. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $93600 7160 19500 3500 250 1680 The entry to record the payment of net payroll would include a
Transcribed Image Text:Multiple Choice Question 114 The following totals for the month of April were taken from the payroll records of Marigold Corp. Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $93600 7160 19500 3500 250 1680 The entry to record the payment of net payroll would include a
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