,During the month of March, Olinger Company’s employees earned wages of $71,300. Withholdings related to these wages were $5,454 for Social Security (FICA), $8,355 for federal income tax, $3,454 for state income tax, and $446 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $780 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, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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