Lee Financial Services pays employees monthly. Payroll information is listed below for January 2011, the first month

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Lee Financial Services pays employees monthly. Payroll information is listed below for January 2011, the first month of Lee’s fiscal year. Assume that none of the employees exceeded any relevant wage base.

Required:
Prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the January 2011 pay period.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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