The following totals for the month of March were taken from the payroll records of Kern Company. $$\begin{array} { l r }
\text { Salaries } & \$ 270,000 \
\text { FlCA taxes withheld } & 20,655 \
\text { Income taxes withheld } & 59,400 \
\text { Medical insurance deductions } & 3,915 \
\text { Federal unemployment taxes } & 2,160 \
\text { State unemployment taxes } & 13,500
\end{array}$$ The journal entry to record the monthly payroll on March 30 would include a
A)debit to Salaries and Wages Payable for $170,370.
B)debit to Salaries and Wages Payable for $186,030.
C)debit to Salaries and Wages Expense for $270,000.
D)debit to Salaries and Wages Expense for $170,370.

Question

The following totals for the month of March were taken from the payroll records of Kern Company. $$\begin{array} { l r } 
\text { Salaries } & \$ 270,000 \
\text { FlCA taxes withheld } & 20,655 \
\text { Income taxes withheld } & 59,400 \
\text { Medical insurance deductions } & 3,915 \
\text { Federal unemployment taxes } & 2,160 \
\text { State unemployment taxes } & 13,500
\end{array}$$ The journal entry to record the monthly payroll on March 30 would include a
A)debit to Salaries and Wages Payable for $170,370.
B)debit to Salaries and Wages Payable for $186,030.
C)debit to Salaries and Wages Expense for $270,000.
D)debit to Salaries and Wages Expense for $170,370.

Quizplus · Accepted Answer

The total salaries expense is $270,000, which should be debited to Salaries and Wages Expense. The other amounts are deductions from this total.

The Following Totals for the Month of March Were Taken