The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $72100 5508 15600 2710 195 1294 The entry to record the accrual of federal unemployment taxes would include a O credit to Federal Unemployment Taxes Payable for $195. O debit to Federal Unemployment Taxes Expense for $195. O debit to Federal Unemployment Taxes Payable for $195. O credit to Payroll Tax Expense for $195.

The following totals for the month of April were taken from the payroll register of Sheffield Company. Salaries and wages FICA taxes withheld Income taxes withheld Medical insurance deductions Federal unemployment taxes State unemployment taxes $72100 5508 15600 2710 195 1294 The entry to record the accrual of federal unemployment taxes would include a O credit to Federal Unemployment Taxes Payable for $195. O debit to Federal Unemployment Taxes Expense for $195. O debit to Federal Unemployment Taxes Payable for $195. O credit to Payroll Tax Expense for $195.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Define Profi t and loss (P&L) statement
What is the difference between a Form 10–K and a Form 10–Q?
whats happening with question 11 and 12? answer please
Select one:a.(iii) and (iv) onlyb.(ii) and (iii) onlyc.(i) and (ii) onlyd.All four
What does the IAS 2 explains?
What is the solution to 0.5x - 2 < 5.5? O A. X < 7 о В. х< 9 С. X < 13 D. x < 15
remain dwlse
5) Explain why we de-lever and re-lever the PL.
What is the answer to d e and f?
Any update on D,E,F