Paid the semi-monthly payroll, $2,500 if direct labor for Job#1 (250 hours), and $400 for...
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Accounting
Paid the semi-monthly payroll, $2,500 if direct labor for Job#1 (250 hours), and $400 for indirect labor (40 hours), and $1,100 as Salary expense [for administrative and selling salaries]. The amounts withheld are $500 for income taxes and $350 for FICA taxes.
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