Prepare the necessary march 31 journal entry to record


During the month of March, Olinger Company's employees earned wages of $64,800. Withholdings related to these wages were $4,957 for Social Security (FICA), $7,549 for federal income tax, $3,319 for state income tax, and $405 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $709 for state unemployment tax.

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

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Accounting Basics: Prepare the necessary march 31 journal entry to record
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