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prepare journal entry to record the pay period assuming salaries expense and salaries payable accounts are used a) On May 31, Saleem Enterprises had gross
prepare journal entry to record the pay period assuming salaries expense and salaries payable accounts are used
a) On May 31, Saleem Enterprises had gross pay for employees of $42,500. Total employee contributions to employee pensions are $1,700. Using the additional information provided below, prepare the journal entry to record the pay period assuming salaries expense and salaries payable accounts are used. Employee income tax payable $3,825 CPP Payable $1,200 El Payable $800 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. For transactions with more than one debit enter the debit accounts in alphabetical order. For transactions with more than one credit, enter the credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit May 31 Salaries Payable Employee Income Tax Payable Employee Benefits Expense Employee Pensions Payable CPP Payable El Payable . E o aStep by Step Solution
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