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Indigo Corporation’s weekly payroll of $32,000 included FICA taxes withheld of $2,448, federal taxes withheld of...

Indigo Corporation’s weekly payroll of $32,000 included FICA taxes withheld of $2,448, federal taxes withheld of $3,060, state taxes withheld of $990, and insurance premiums withheld of $230. Prepare the journal entry to record Indigo’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.)

Account Titles and Explanation Debit Credit

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Answer #1
Account Titles and Explanation Debit Credit
Salary expense 32,000
FICA tax payable 2,448
Federal tax payable 3,060
State tax payable 990
Insurance premium payable 230
Salaries payable 25,502
(To record salaries expense and related taxes)

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