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Jw buffet co employees earned 350000 in the week ended

Question - J&W Buffet Co. employees earned $350,000 in the week ended December 17, 2010. Of this, $26,775 was deducted from employees' pay for FICA and $62,000 was deducted for income taxes.

Prepare the journal entry to record the employees' portion of payroll for December 17, 2010.

Prepare the journal entry to record the employer's share of FICA payroll taxes for December 17, 2010.

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Accounting Basics: Jw buffet co employees earned 350000 in the week ended

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Accounting Basics: Jw buffet co employees earned 350000 in the week ended

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