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Current Attempt in Progress buring the month of March, Ivanhoe Company's...

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Accounting

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Current Attempt in Progress buring the month of March, Ivanhoe Company's employees earned wages of $56,000. Withholdings related to these wages were $4,284 for FICA, $6,720 for federal income tax, $2,800 for state income tax, and $336 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $560 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 eTextbook and Media

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