Question

During the month of March, Cullumber Company’s employees earned wages of $54,000. Withholdings related to these wages were $4,131 for FICA, $6,480 for federal income tax, $2,700 for state income tax, and $324 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $540 for state unemployment tax.

Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount enter an account title to record salaries and wages expense and salaries and wages payable on March 31 enter a debit amount enter a credit amount

Answer 1

Date	Account	Debit	Credit
Mar 31	Salaries and Wages Expense	54,000
	Fica taxes payable		4131
	Federal income tax payable		6480
	State income tax payable		2700
	Union dues payable		324
	Salaries and Wages payable		40,365