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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 20
Recording payroll transactions in the general journal.
Excalibur Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending August 7, 2013, follows.
1. Prepare the general journal entry to record the company's payroll for the week. Use the account names given in this chapter. Use 16 as the page number for the general journal.
2. Prepare the general journal entry to summarize the checks to pay the weekly payroll.
Excalibur Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending August 7, 2013, follows.
1. Prepare the general journal entry to record the company's payroll for the week. Use the account names given in this chapter. Use 16 as the page number for the general journal.
2. Prepare the general journal entry to summarize the checks to pay the weekly payroll.
Explanation
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Given data is summarized as under:
Cal...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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