Question: O 01:53:05 Hide Timer Question 7 View Policies Current Attempt in Progress During the month of March, Angela Company's employees earned wages of $62,000. Withholdings


O 01:53:05 Hide Timer Question 7 View Policies Current Attempt in Progress During the month of March, Angela Company's employees earned wages of $62,000. Withholdings related to these wages were $4,743 for Social Security (FICA), $14,000 for federal income tax, $6,200 for state income tax, and $600 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $2,000 for state unemployment tax. Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when the 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 the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31
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