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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

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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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
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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