journal entry to record the wage expense
Question # 00005736
Posted By:
Updated on: 12/24/2013 12:08 AM Due on: 12/31/2014
XYZ Co had the following payroll transactions for the first pay period in 2012.
Wages $13000
Federal income tax withheld 880
Social security tax is 6.2% and medicare tax is 1.45%. State unemployment tax is 6.2%.
Prepare the journal entry to record the wage expense.
Wages $13000
Federal income tax withheld 880
Social security tax is 6.2% and medicare tax is 1.45%. State unemployment tax is 6.2%.
Prepare the journal entry to record the wage expense.
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Solution: journal entry to record the wage expense