Question
Refer to Exhibit 6-1. Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll
Refer to Exhibit 6-1. Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.
Exhibit 6-1 The totals from the first payroll of the year are shown below.
Total Earnings 36,195.10
FICA OASDI: 2244.10
FICA HI: $524.83
FIT W/H: $6,515.00
State Tax: $361.95
Union Dues: $500.00
Net Pay: $26,049.22
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The Management Audit How To Create An Effective Management Team
Authors: Michael Craig-Cooper, Philippe De Backer
1st Edition
0273600044, 978-0273600046
