Solution-Prepare any journal entries needed as of month end

Prepare any journal entries needed as of month end

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Reference no: EM13523285

Employees earned salaries of $10,000 during the month which the company expected to pay next month. The company was preparing the financial statements as of month end. The FICA rate is 7.65%, federal and state income taxes withheld were $2,000, union dues were $150 and state umployment taxes (employer tax) were $450 for that payroll. Prepare any journal entries needed as of month end.

Reference no: EM13523285

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Prepare any journal entries needed as of month end

Reference no: EM13523285

Reference no: EM13523285

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