Solution-Journalize the payroll adjusting entry at february

Journalize the payroll adjusting entry at february 28

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Reference no: EM13550317

Indiana Jones Company had the following payroll transactions: Feb. 28 The payroll for the month consists of Sales Salaries $32,000 and Office Salaries $18,000. All wages are subject to 8 percent FICA taxes. A total of $8,900 federal income taxes are withheld. The salaries are paid on March 1. 28 Employer payroll taxes include 8 percent FICA taxes, 5.4 percent state unemployment tax, and 0.8 percent federal unemployment tax.

Instructions

(a) Journalize the February payroll transaction.

(b) Journalize the payroll adjusting entry at February 28.

Reference no: EM13550317

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Journalize the payroll adjusting entry at february 28

Reference no: EM13550317

Reference no: EM13550317

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