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For the payroll period ended on May 28, 2022, gross pay was $19,450, net pay was $11,600, FICA tax withholdings were $3,100, income tax withholdings
For the payroll period ended on May 28, 2022, gross pay was $19,450, net pay was $11,600, FICA tax withholdings were $3,100, income tax withholdings were $3,800, and medical insurance contributions were $950. Required: Use the horizontal model to show the effects of the payroll accrual on May 28, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Assets Balance Sheet Income Statement Liabilities Stockholders' Equity Net income Revenues Expenses + +
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