A consulting company pays their employees bi-weekly. The gross payroll for the officers is $4,000....
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Accounting
A consulting company pays their employees bi-weekly. The gross payroll for the officers is $4,000. The gross payroll amount for the rest of the staff is $6,000. The employer's portion of the payroll taxes is $1,200. Assume everything is paid out (no liabilities) with cash.
What is the journal entry you would create?
A consulting company pays their employees bi-weekly. The gross payroll for the officers is $4,000. The gross payroll amount for the rest of the staff is $6,000. The employer's portion of the payroll taxes is $1,200. Assume everything is paid out (no liabilities) with cash.
What is the journal entry you would create?
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