Chapter 10 HW Exercise 10-06

Exercise 10-05 During the month of March, Oriol Company's employees came wages of $80,000. W holding related to the wages were 56,120 for FICA 59,600 for federal income tax, $4,000 for state Income tax, and $40 for union dues. The company incurred no cost related to these samnings for federal unemployment tax but incurred $800 for state unemployment tax Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wapes 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 Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Tities and Explanation Mar 31 Question Attempts of used SAVE FOR LATER BUKIT ANSWER ROAD Version 4 24 19.1