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Recording Payroll and Payroll Taxes The foltowing data are taken from Fremont Wholesale Company's May payroll Assutne that the company is subject to a two
Recording Payroll and Payroll Taxes The foltowing data are taken from Fremont Wholesale Company's May payroll Assutne that the company is subject to a two percent state unemployment tax (due to a faworable expetience rating) and a 0.6 percent federat unemployment tax Required Record the following in general joumal form on May 31 : a Acorual of the monthly paytoll. b. Payment of the net payralt: d. Payment of these payrollerelated liabilioes. (Assume that all are settied at the same time.) Round your answers to the nearest dollar
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