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Explain olinger companys employees earned wages

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During the month of March, Olinger Company's employees earned wages of $80,200. Withholdings related to these wages were $6,135 for Social Security (FICA), $9,398 for federal income tax, $3,885 for state income tax, and $501 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $877 for state unemployment tax. Warning

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Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131783647

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