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Untitled Document4 - 250 Federal Income Taxes Payable(table...

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Special journals are used for certain transactions. However, all companies use a general journal. Date Account Title and Description Ref. Debit Credit 20X0 Feb. 28 Wages Expense 3,268 FICA Taxes Payable (7.65% × $3,268)
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Unformatted text preview: 250 Federal Income Taxes Payable (table) 350 State Income Taxes Payable (table) 120 Health Insurance Premiums Payable 80 Union Dues Payable 50 Wages Payable 2,418 To accrue 2/28 payroll...
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  • Spring '08
  • staff
  • Generally Accepted Accounting Principles, Income tax in the United States, health insurance premiums, 7.65%, $3,268

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