In the following summary of data for a payroll period, some amounts have been intentionally omitted a.

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In the following summary of data for a payroll period, some amounts have been intentionally omitted

Earnings: 1. At regular rate ? 2. At overtime rate $135,000 3. Total earnings Deductions: ? 4. Social security tax 54,00

a. Calculate the amounts omitted in lines (1), (3), (8), and (12).
b. Journalize the entry to record the payroll accrual.
c. Journalize the entry to record the payment of the payroll.

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Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

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Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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Question Posted: Dec 31, 2018 05:52 AM

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In the following summary of data for a payroll period, some amounts have been intentionally omitted a.

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a Summary 1 765000 3 900000 8 11250 12 225000 Net amount paid Total de...View the full answer

Financial and Managerial Accounting Using Excel for Success

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