Question

Do It! Review 10-1b During the month of February, Riverbed Corp’s employees earned wages of $94,720. Withholdings related to these wages were $7,246 for Social Security (FICA), $9,088 for federal income tax, and $2,432 for state income tax. Costs incurred for unemployment taxes were $141 for federal and $205 for state. Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March (b) The company’s payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit a) Feb. 28 b) Feb. 28 SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER

Answer 1

a)	Wages expense	94720
	Social security payable		7246
	Federal income tax payable		9088
	State income tax payable		2432
	Wages payable		75954
b)	Payroll tax expense	7592
	Social security payable		7246
	FUTA taxes payable		141
	SUTA taxes payable		205