The Jones Store has the following information for the pay period of March 15 to March 31:attached in ss below thanks for help appreaicteaitwihtwojhwthwi The Jones Store has the following information for the pay period of March 15 to March 31:Gross payroll$36,6007.65%FICA tax rateFederal income tax withheld15%The journal entry to record the accrued payroll on March 31 will be:A. FICA Tax PayableEmployee Income Tax PayableSalary PayableSalary ExpenseB. FICA Tax PayableEmployee Income Tax PayableSalary ExpenseSalary PayableO C. Salary ExpenseFICA Tax PayableEmployee Income Tax PayableSalary PayableO D. Salary PayableFICA Tax PayableEmployee Income Tax PayableSalary Expense2,8005,49028,3102,8005,49028,31036,60036,60036,60036,6002,8005,49028,3102,8005,49028,310

Salary expense is the amount of expense which is incurred by the entity when the salary to its…

The Jones Store has the following information for the pay period of March 15 to March 31: Gross payroll $36,600 FICA tax rate 7.65% Federal income tax withheld 15% The journal entry to record the accrued payroll on March 31 will be: OA. FICA Tax Payable Employee Income Tax Payable Salary Payable Salary Expense OB. FICA Tax Payable Employee Income Tax Payable Salary Expense Salary Payable OC. Salary Expense FICA Tax Payable Employee Income Tax Payable Salary Payable OD. Salary Payable FICA Tax Payable Employee Income Tax Payable Salary Expense 2,800 5,490 28,310 2,800 5,490 28,310 36,600 36,600 36,600 36,600 2,800 5,490 28,310 2,800 5,490 28,310 me

The Jones Store has the following information for the pay period of March 15 to March 31: Gross payroll $36,600 FICA tax rate 7.65% Federal income tax withheld 15% The journal entry to record the accrued payroll on March 31 will be: OA. FICA Tax Payable Employee Income Tax Payable Salary Payable Salary Expense OB. FICA Tax Payable Employee Income Tax Payable Salary Expense Salary Payable OC. Salary Expense FICA Tax Payable Employee Income Tax Payable Salary Payable OD. Salary Payable FICA Tax Payable Employee Income Tax Payable Salary Expense 2,800 5,490 28,310 2,800 5,490 28,310 36,600 36,600 36,600 36,600 2,800 5,490 28,310 2,800 5,490 28,310 me

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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