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iogann1982 [59]
3 years ago
11

Swifty Corporation’s weekly payroll of $22,000 included FICA taxes withheld of $1,683, federal taxes withheld of $2,940, state t

axes withheld of $840, and insurance premiums withheld of $230. Prepare the journal entry to record Swifty’s payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
sergij07 [2.7K]3 years ago
3 0

Answer:

Date   Account Titles and Explanation       Debit       Credit

           Salaries Wages expense                $22,000  

                   Cash                                                             $16,307

                   Withholding taxes payable (2940+840)    $3,780

                   FICA taxes payable                                     $1,683

                   Insurance premiums payable                     $230

            (To record Swifty’s payroll)

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