The following totals for the month of April were taken from the payroll records of Kingbird, Inc... Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes The entry to record the payment of net payroll would include a debit to Salaries and Wages Payable for $82260. debit to Salaries and Wages Payable for $90270. debit to Salaries and Wages Payable for $92730. credit to Cash for $103200. $136800 10470 28500 5100 360 2460
The following totals for the month of April were taken from the payroll records of Kingbird, Inc... Salaries FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes The entry to record the payment of net payroll would include a debit to Salaries and Wages Payable for $82260. debit to Salaries and Wages Payable for $90270. debit to Salaries and Wages Payable for $92730. credit to Cash for $103200. $136800 10470 28500 5100 360 2460
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Multiple Choice Question 114
The following totals for the month of April were taken from the payroll records of Kingbird, Inc..
Salaries
FICA taxes withheld
Income taxes withheld
Medical insurance deductions
Federal unemployment taxes
State unemployment taxes
The entry to record the payment of net payroll would include a
debit to Salaries and Wages Payable for $82260.
debit to Salaries and Wages Payable for $90270.
debit to Salaries and Wages Payable for $92730.
credit to Cash for $103200.
$136800
10470
28500
5100
360
2460
Click if you would like to Show Work for this question: Open Show Work
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