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Instruction Chart Of Accounts General Journal Instruction According to a summary of the payroll of Scotland Company, satanes for the period were $500,000. Federal income
Instruction Chart Of Accounts General Journal Instruction According to a summary of the payroll of Scotland Company, satanes for the period were $500,000. Federal income tax withheld was 500,000 Also, $15,000 was sute to state (73) and federal (0 %) unemployment taxes. All earings are subject to social security tax of 60% and Medicine tax of 1.5% Required: (a) Journalize the entry to record the accrual of payroll (b) Journalure the entry to record the accur of payroll taxes "Refer to the Chart of Accounts for exact wording of account titles If required, round your answers to the nearest cent
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