Date | Account Titles and Explanation | Debit | Credit |
Mar. 31 | Salaries and Wages Expenses | $ 66,000 | |
FICA Tax Payable | $ 5,049 | ||
Federal Income Tax Withholding Payable | $ 7,734 | ||
State Income Tax Withholding Payable | $ 3,197 | ||
Union Dues Payable | $ 413 | ||
Salaries and Wages Payable | $ 49,607 | ||
(To Record salaries and wages expenses for the month of March) | |||
Mar. 31 | Payroll Tax Expenses | $ 5,771 | |
FICA Tax Payable | $ 5049 | ||
State Unemployment Payable | $ 722 | ||
(To record Payroll expenses for the month of March) |
IN CASE OF ANY DOUBTS OR CORRECTIONS FEEL FREE TO COMMENT BELOW
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