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

Transcribed Image Text:

Stellar Corporation's weekly payroll of $32,000 included FICA taxes withheld of $2,448, federal taxes withheld of $3,290, state taxes withheld of $830, and insurance premiums withheld of $270. Prepare Stellar's journal entry to record the weekly payroll. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Salaries and Wages Expense OND Stellar Corporation's weekly payroll of $32,000 included FICA taxes withheld of $2,448, federal taxes withheld of $3,290, state taxes withheld of $830, and insurance premiums withheld of $270. Prepare Stellar's journal entry to record the weekly payroll. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Salaries and Wages Expense OND

Answer rating: 100% (QA)

Account Titles and Explanation Salaries an... View the full answer