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Prepare the necessary march journal entry

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Question - During the month of March, Patricia Company's employees earned wages of $74,000. Withholdings related to these wages were $5,661 for Social Security (FICA), $14,400 for federal income tax, $7,000 for state income tax, and $800 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $1,300 for state unemployment tax.

Required - Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April.

Reference no: EM133184120

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