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Seed Company has the following labor costs: $500,000 Factory-Gross wages Factory-Net wages 420,000 Employer Payroll Taxes Payable 50,000 The entry to record the cost

Seed Company has the following labor costs:Factory?Gross wages$500,000Factory-Net wages420,000Employer Payroll Taxes Pay

Seed Company has the following labor costs: $500,000 Factory-Gross wages Factory-Net wages 420,000 Employer Payroll Taxes Payable 50,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor in what amount? Be sure that your answer is formatted: Sxxx,xxx

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