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Dafna1 [17]
3 years ago
12

Junkman Autos uses a separate checking account to pay their employees. The gross pay for the period was $1,000. However, after d

eductions were taken out, the net pay for the period was $820. The journal entry to record the issuance of payroll checks to their employees is:
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

journal entry are given below

Explanation:

given data

gross pay for the period = $1,000

net pay for the period =  $820

to find out

journal entry to record the issuance of payroll checks

solution

journal entry are as

Account Name                       Debit                      Credit

Labor Expenses                        $1000

payroll taxes Payable                                                  $820

Net Payroll Payable                                                     $180

( $1000 - $820 )

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For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
jek_recluse [69]

Answer:

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3 years ago
You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $1
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