Question
If a company's gross salaries and wages are $32,000, and it withholds $4,800 for income taxes and $2,448 for FICA taxes, the journal entry to
| If a company's gross salaries and wages are $32,000, and it withholds $4,800 for income taxes and $2,448 for FICA taxes, the journal entry to record the employees' pay should include a: |
debit to Salaries and Wages Payable for $24,752.
debit to Salaries and Wages Expense for $24,752.
credit to Salaries and Wages Payable for $32,000.
credit to Salaries and Wages Payable for $24,752.
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Principles Of Auditing: An International Perspective
Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen
1st Edition
0077095324, 978-0077095321
