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The Company pays payroll on Friday for the week ending on the previous Saturday. If the Company paid payroll (including employer payroll taxes) of $25,550
- The Company pays payroll on Friday for the week ending on the previous Saturday. If the Company paid payroll (including employer payroll taxes) of $25,550 on September 1st, and $23,450 on September 8th, what is the correct payroll related journal entry to post on August 31st? (Assume the 2017 calendar year and that payrolls are based on standard 5 day work week)
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