Question: View Policies Current Attempt in Progress Mu Que During the month of February, Sheridan Corporation's employees earned wages of $73,850. Withholdings related to these
View Policies Current Attempt in Progress Mu Que During the month of February, Sheridan Corporation's employees earned wages of $73,850. Withholdings related to these wages were $5,650 for FICA, $7,085 for federal income tax, and $2,000 for state income tax. Costs incurred for unemployment taxes were $130 for federal and $160 for state. (a) Prepare the February 28 journal entry for salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Multi Ques Multiple Questi Accountin Question Accounting Feb. 28 78F Sunny 2 # H JO 4+ 144 % & * 3 4 5 6 7 8 00 K tab Q W E R T C 5-11 O Question Accounting Dr Question 29 Accounting Drop P insert
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