During the month of February, Culver Corporation's employees earned wages of $96,000. Withholdings related to these wages were $7,344 for FICA, $19,170 for federal income tax, and $5,130 for state income tax. Costs incurred for unemployment taxes were $297 for federal and $432 for state. Prepare the February 28 journal entries for (a) (b) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered: Do not indent manually.) No. Date Account Titles and Explanation (a) Feb. 28 Debit Credit

Transcribed Image Text:

During the month of February, Culver Corporation's employees earned wages of $96,000. Withholdings related to these wages were $7,344 for FICA, $19,170 for federal income tax, and $5,130 for state income tax. Costs incurred for unemployment taxes were $297 for federal and $432 for state. Prepare the February 28 journal entries for (a) (b) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered: Do not indent manually.) No. Date Account Titles and Explanation (a) Feb. 28 Debit Credit During the month of February, Culver Corporation's employees earned wages of $96,000. Withholdings related to these wages were $7,344 for FICA, $19,170 for federal income tax, and $5,130 for state income tax. Costs incurred for unemployment taxes were $297 for federal and $432 for state. Prepare the February 28 journal entries for (a) (b) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered: Do not indent manually.) No. Date Account Titles and Explanation (a) Feb. 28 Debit Credit