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Pr A1-3A Journal entries payroll taxes and employee fringe benefit Problem AI-3A Joumal entries-payroll taxes, and employee fringe benefits :O2,]3,[5 A company showed the following
Pr A1-3A Journal entries payroll taxes and employee fringe benefit
Problem AI-3A Joumal entries-payroll taxes, and employee fringe benefits :O2,]3,[5 A company showed the following information in its payroll register for the week ended Mareh 16, 2018: Page A.29 1. Prepare a general journal entry to record the payroll register information. 2. Prepare a general journal entry to record the employer's payroll expenses resulting from the payroll. 3. Prepare general journal entries to accrue employee fringe benefit costs for the week. Assume that the company matches the employees' payments for medical insurance and contributes an amount equal to 8% of each employee's gross pay to a retirement program. Also, each employee acerues vacation pay at the rate of 6% of the wages and salaries earned. The company estimates that all employees eventually will be paid their vacation pay. Problem AI-3A Joumal entries-payroll taxes, and employee fringe benefits :O2,]3,[5 A company showed the following information in its payroll register for the week ended Mareh 16, 2018: Page A.29 1. Prepare a general journal entry to record the payroll register information. 2. Prepare a general journal entry to record the employer's payroll expenses resulting from the payroll. 3. Prepare general journal entries to accrue employee fringe benefit costs for the week. Assume that the company matches the employees' payments for medical insurance and contributes an amount equal to 8% of each employee's gross pay to a retirement program. Also, each employee acerues vacation pay at the rate of 6% of the wages and salaries earned. The company estimates that all employees eventually will be paid their vacation pay Step by Step Solution
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