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The gross earnings of the factory workers for Vargas Company during

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The gross earnings of the factory workers for Vargas
Company during the month of January are $66,100. The
employer
Solution
No.
Account Titles and Explanation
Debit
Credit
(a)
Accrued Wages (or Cash)
80,900
Payroll
66,100
Payroll Taxes
9,100
Fringe Benefits
5,700
(b)
Work in Process
68,765

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Payroll (85% of $66,100
56,185
Payroll Taxes (85% of 9100)
7,735
Fringe Benefits (85% of 5700)
4,845
No.
Account Titles and Explanation
Debit
Credit
(a)
Accrued Wages (or Cash)
80,900
Payroll
66,100
Payroll Taxes
9,100
Fringe Benefits
5,700
(b)
Work in Process
68,765
Payroll (85% of $66,100
56,185
Payroll Taxes (85% of 9100)

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The gross earnings of the factory workers for Vargas Company during the month of January are $66,100. The employer Solution No. Account Titles and Explanation Debit Credit (a) Accrued Wages (or Cash) 80,900 Payroll 66,100 Payroll Taxes 9,100 Fringe Benefits 5,700 (b) Work in Process 68,765 Payroll (85% of $66,100 56,185 Payroll Taxes (85% of 9100) 7,735 Fringe Benefits (85% of 5700) 4,845 No. Account Titles and Explanation Debit Credit (a) Accrued Wages (or Cash) 80,900 Payroll 66,100 Payroll Taxes 9,100 Fringe Benefits 5,700 (b) Work in Process 68,765 Payroll (85% of $66,100 56,185 Payroll Taxes (85% of 9100) 7,735 Fringe Benefits (85% of 5700) 4,845 Name: Description: ...
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