Question
QS AI-2 Preparing payroll Journal entries ig LO2 Trax Ltd. has six employees, each of whom earns S3.000 per month. Income taxes are 20% of
QS AI-2 Preparing payroll Journal entries ig LO2 Trax Ltd. has six employees, each of whom earns S3.000 per month. Income taxes are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31 journal entry to record payroll for the month.
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
