Jamal Hughes works for Ford Company all year and earns a monthly salary of $4,800....
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Accounting
Jamal
Hughes
works for
Ford
Company all year and earns a monthly salary of
$4,800.
There is no overtime pay. Based on
Jamal's
W-4,
Ford
withholds income taxes at
20%
of his gross pay. As of July 31,
Jamal
had
$33,600
of cumulative earnings.
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(Click the icon to view payroll tax rate information.)Journalize the accrual of salary expense for
Ford
Company related to the employment of
Jamal
Hughes
for the month of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the journal entry table.)
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