Prepare the journal entry to record montys payroll

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Reference no: EM131920435

Problem

Monty Corporation's weekly payroll of $34,000 included FICA taxes withheld of $2, 601, federal taxes withheld of $3, 140, state taxes withheld of $970, and insurance premiums withheld of $270. Prepare the journal entry to record Monty's payroll.

Reference no: EM131920435

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