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Palouse Company completed the salary and wage payroll for the month of March. The payroll provided the following details: * Assessed on both employer and
Palouse Company completed the salary and wage payroll for the month of March. The payroll provided the following details:
Assessed on both employer and employee ie $ each
Required:
Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but
that Palouse has yet to transfer any withholdings to the government.
Prepare the journal entry to record the employer's payroll taxes, which have not yet been paid to the government.
Provide a combined journal entry to show the payment of all amounts owed to governmental agencies.
Note: For all requirements, if no entry is required for a transactionevent select No journal entry required" in the first account
field.
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