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Can anyone answer it with explanation. Lexington Corporation's weekly payroll of $28, 310 included FICA taxes withheld of $1, 770, federal taxes withheld of $3,
Can anyone answer it with explanation.
Lexington Corporation's weekly payroll of $28, 310 included FICA taxes withheld of $1, 770, federal taxes withheld of $3, 300, state taxes withheld of $750, and insurance premiums withheld of $450. Prepare the journal entry to record Lexington's payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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