Question
P3. Coyote Company paid a weekly payroll of $50,000 entirely subject to Social Security (6.2%) and Medicare (1.45%), with income tax withholding of $4,000 and
P3. Coyote Company paid a weekly payroll of $50,000 entirely subject to Social Security (6.2%) and Medicare (1.45%), with income tax withholding of $4,000 and union dues of $500 deducted. Instructions: prepare any necessary journal entries for the payroll of Coyote.
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
