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Business, 17.06.2021 21:50 gaby8282

Great Dane Casinos has the following data available for its December 31, 2019, payroll: Gross pay $180,000
Federal income taxes withheld 43,200
Gross pay is subject to FICA. A federal unemployment tax is also applicable at 0.8% of gross pay.
1. Prepare the 2019 journal entries to record the wages earned and payroll taxes:
1) journal entry to record the employee portion of payroll taxes;
2) journal entry to record the employer portion of payroll taxes; and
3) journal entry to record the payment of all payroll liabilities.
A correct answer should include 3 separate journal entries.

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