The following totals for the month of April were taken from the payroll register of Oriole Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions $72300 5501 15800 2740 The journal entry to record the monthly payroll on April 30 would include a O debit to Salaries and Wages Payable for $72300. O debit to Salaries and Wages Expense for $56500, O credit to Salaries and Wages Payable for $72300. O debit to Salaries and Wages Expense for $72300.
The following totals for the month of April were taken from the payroll register of Oriole Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions $72300 5501 15800 2740 The journal entry to record the monthly payroll on April 30 would include a O debit to Salaries and Wages Payable for $72300. O debit to Salaries and Wages Expense for $56500, O credit to Salaries and Wages Payable for $72300. O debit to Salaries and Wages Expense for $72300.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following totals for the month of April were taken from the payroll register of Oriole Company. Salaries and wages
FICA taxes withheld Income taxes withheld Medical insurance deductions $72300 5501 15800 2740 The journal entry to
record the monthly payroll on April 30 would include a debit to Salaries and Wages Payable for $72300. O debit to Salaries
and Wages Expense for $56500. O credit to Salaries and Wages Payable for $72300. O debit to Salaries and Wages Expense
for $72300.
The following totals for the month of April were taken from the payroll register of Oriole Company.
Salaries and wages
FICA taxes withheld
Income taxes withheld
Medical insurance deductions
$72300
5501
15800
2740
The journal entry to record the monthly payroll on April 30 would include a
O debit to Salaries and Wages Payable for $72300.
O debit to Salaries and Wages Expense for $56500,
O credit to Salaries and Wages Payable for $72300.
O debit to Salaries and Wages Expense for $72300.
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