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The Journal Entry to Record Payroll

Question 174

Multiple Choice

The journal entry to record payroll:


A) debits salary expense for the gross payroll and credits salary payable for the net pay.
B) credits income tax payable for the income tax that has been withheld from the employees.
C) credits FICA payable for the social security and Medicare tax withheld from the employees.
D) does all of the above.

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