Question

The following totals for the month of April were taken from the payroll records of Kingbird Company. Salaries $144000 FICA taxes withheld 11020 Income taxes withheld 30000 Medical insurance deductions 5400 Federal unemployment taxes 380 State unemployment taxes 2590 The journal entry to record the monthly payroll on April 30 would include a debit to Salaries and Wages Expense for $144000. debit to Salaries and Wages Expense for $97580. credit to Salaries and Wages Payable for $144000. debit to Salaries and Wages Payable for $144000.

Answer 1

debit to Salaries and Wages Expense for $144000

Step-by-step explanation:

Based on the information given we were told that the company salaries was the amount of $144,000 which means that The journal entry to record the monthly payroll on April 30 would include :

April 30

Debit to Salaries for $144,000

Credit Wages Expense for $144000

(To record monthly payroll)