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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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Answer:

Explanation:

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7 0
2 years ago
On February 1, 2019, the balance of the retained earnings account of Blue Power Corporation was $315,000. Revenues for February
Pani-rosa [81]

Answer:

The retained earnings balance on February 28, 2019 is $305.000.

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6 0
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Answer:

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Answer:

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