Reference no: EM132679943

The following totals for the month of April were taken from the payroll register of Magnum Company.

Salaries $12,000

FICA taxes withheld 550

Income taxes withheld 2,500

Medical insurance deductions 450

Federal Unemployment Taxes 32

State Unemployment Taxes 216

Problem 1: The journal entry to record the monthly payroll on April 30 would include a

A. credit to Salaries Payable for $8,500

B. debit to Salaries Expense for $8,252

C.debit to Salaries Payable for $8,500

D. debit to Salaries Payable for $8,252

Problem 2: The entry to record accrual of employer's payroll taxes would include a

A. debit to Payroll Tax Expense for $248

B. credit to FICA Taxes Payable for $1,100

C.credit to Payroll Tax Expense for $248

D. debit to Payroll Tax Expense for $798