Question
Other accrued liabilitiespayroll For the payroll period ended on June 25, 2016, gross pay was $28,600, net pay was $20,400, FICA tax withholdings were $2,000,
Other accrued liabilitiespayroll For the payroll period ended on June 25, 2016, gross pay was $28,600, net pay was $20,400, FICA tax withholdings were $2,000, income tax withholdings were $5,000, and medical insurance contributions were $1,200.
Required: Use the horizontal model (or write the journal entry) to show the effects of the payroll accrual on June 25, 2016.
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Operational Auditing For Management Control
Authors: Edward F Norbeck
1st Edition
0814451853, 978-0814451854
