Prepare the journal entry to record the payroll for march

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Reference no: EM131294969

Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages earned by employees $ 202,000 Employee income taxes withheld 40,400 Employee government insurance premiums withheld 4,000 FICA payroll taxes* 16,400 *$16,400 each for employer and employees. 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yet to transfer any withholdings to the government.

Reference no: EM131294969

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