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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 8: Payroll Accounting: Employee Earnings and Deductions
  5. Question
    The Journal Entry to Record Payroll Transactions for the Accounting
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The Journal Entry to Record Payroll Transactions for the Accounting

Question 101

Question 101

True/False

The journal entry to record payroll transactions for the accounting period is to debit Wages and Salaries Expense for the gross pay and credit the appropriate liability and cash accounts.

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