Question

Culver Corporation’s weekly payroll of $22,000 included FICA taxes withheld of $1,683, federal taxes withheld of $2,930, state taxes withheld of $840, and insurance premiums withheld of $250. Prepare the journal entry to record Culver’s payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Brief Exercise 13-6 Your answer is partially correct. Try again. Culver Corporation's weekly payroll of $22,000 included FICA taxes withheld of $1,683, federal taxes withheld of $2,930, state taxes withheld of $840, and insurance premiums withheld of $250. Prepare the journal entry to record Culver's payroll. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Salaries and Wages Expense 22000 FICA Taxes Payable 1683 T Withholding Taxes Payable 2930 Insurance Premium Payable 250 T Cash 16297 Click if you would like to Show Work for this question: Open Show Work

Answer 1

Account Titles and Explanation	Debit	Credit
Salaries Wages expense	$22,000
Cash		$16,297
Withholding taxes payable (2930+840)		$3,770
FICA taxes payable		$1,683
Insurance premiums payable		$250