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3. Jamal Torres works for Grant Company all year and earns a monthly salary of $3,800. There is no overtime pay. Based on Jamal's
3. Jamal Torres works for Grant Company all year and earns a monthly salary of $3,800. There is no overtime pay. Based on Jamal's W-4, Grant withholds income taxes at 20% of his gross pay. As of July 31, Jamal had $26,600 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Grant Company related to the employment of Jamal Torres for the month of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit
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