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Usimov [2.4K]
3 years ago
15

The following totals for the month of June were taken from the payroll register of Ford Company. Salaries and wages $40,000 FICA

taxes withheld 3,066 Income taxes withheld 8,800 Medical insurance deductions 1,600 Federal unemployment taxes 320 State unemployment taxes 2,000 The journal entry to record the monthly payroll on June 30 would include a Group of answer choices debit to Salaries and Wages Expense for $40,000. credit to Salaries and Wages Payable for $40,000. debit to Salaries and Wages Payable for $40,000. debit to Salaries and Wages Expense for $26,534
Business
1 answer:
disa [49]3 years ago
7 0

Answer:

Debit to Salaries and Wages Expense for $40,000

Explanation:

Based on the information given we were told that Salaries and wages was the amount of $40,000 which means that The Appropriate journal entry to record the monthly payroll on June 30 would include a DEBIT TO SALARIES AND WAGES EXPENSE FOR $40,000

Debit to Salaries and Wages Expense for $40,000

(To record monthly payroll)

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The correct option of this question is (B). Explanation of this answer is given below in the explanation section

Explanation:

(B) is Correct Option:

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Why other options are not correct

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