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Question 4: (6 points) During the month of March, Preston Company's employees ca Preston Company's...

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Question 4: (6 points) During the month of March, Preston Company's employees ca Preston Company's employees earned wages of $90,000. Withholdings related to these wages were $6,885 for so these wages were $6,885 for Social Security (FICA), $14,200 for federal income tax, $6,200 for state income tax, and $600 for union dues. The company i related to these earnings for federal unemployment tax, but incunca or federal unemployment tax, but incurred $1,300 for state unemployment tax Part 1 (3 points): Prepare the necessary March 31 journal entry to record wages expense and wages payau that wages earned during March will be paid during April. Part 2 (3 points): Prepare the entry to record the company's payroll tax expense

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