If a Company's Gross Wages Are $12,000,and It Withholds $1,800

question 61

Multiple Choice

If a company's gross wages are $12,000,and it withholds $1,800 for income taxes and $800 for FICA taxes and other deductions,the journal entry to record the employees' pay should include a:

• A)debit to Wages Expense for $9,400.
• B)debit to Wages Payable for $9,400.
• C)credit to Wages Payable for $12,000.
• D)credit to Wages Payable for $9,400.

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Definitions:

Anhydride

A compound formed from the removal of water molecules between two carboxylic acid molecules.

Organic Product

A compound or material derived from living organisms or produced by organic chemical reactions.

Reaction

A transformation process where reactants are converted into different substances known as products.

Ethyl Acetate

An organic compound used as a solvent in many applications, characterized by its pleasant smell and formula CH3COOCH2CH3.