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d102 Unit 9 Completing the Operating Cycle exam questions and answers
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d102 Unit 9 Completing the Operating Cycle exam questions and answers
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d102 Unit 9Completing the
Operating Cycle
exam questions
and answers
what is the journal entry to account for the
employees working?
DR salaries exp/CR salaries payable when
employees work
what is the journal entry when wages are
paid?
DR salaries payable/CR cash
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to record the expense for an employee's
monthly salary this is the journal entry:
DR salaries exp, CR all of the taxes and the
difference to salaries payable.
an entry to record the co's share of payroll
taxes is:
DR payroll tax exp, CR the different types of
taxes
journal entry to record paying the govt their
taxes due:
DR FICA taxes payable, FIT, FUTA, and CR
cash
journal entry to recognize accrued sick pay
DR salaries exp $100, CR sick days payable
$100
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