It's the Tooth Dental works to provide high quality pediatric dental services in a fun-loving environment for children. During December, It's the Tooth Dental employees earned $90,000 in wages. Social Security applied to $86,000 of these wages, while Medicare applies toall $90,000 at standard rates. Federal and state income taxes withheld were $1,100 and $500, respectively.Required:Provide the necessary journal entries for It's the Tooth Dental to record this activity. If an amount box does not require an entry, leave it blank.(Record wages and liabilities)

Step 1 Journal is the part of book keeping.

Answered: rovide the necessary journal entries…

rovide the necessary journal entries for It's the Tooth Dental to record this activity. If an amount box does not require an entry, leave it blank.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 51BE: Payroll Taxes Its the Tooth Dental works to provide high quality pediatric dental services in a...

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Payroll Taxes Its the Tooth Dental works to provide high quality pediatric dental services in a fun-loving environment for children. During December, Its the Tooth Dental employees earned $90,000 in wages. Social Security applied to $86,000 of these wages, while Medicare applies to all at standard rates. Federal and state income taxes withheld were $1,100 and $500, respectively. Required: Provide the necessary journal entries for Its the Tooth Dental to record this activity.
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