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Exercise 10.6 (Algo) Recording payroll transactions in the general journal. LO 10-7 Private Publishing has two office employees. A summary of their earnings and the
Exercise 10.6 (Algo) Recording payroll transactions in the general journal. LO 10-7 Private Publishing has two office employees. A summary of their earnings and the related taxes withheld from their pay for the week ending June 7, 20X1, follows. 1\&2. Prepare the general journal entries to record the company's payroll and to summarize the checks to pay the weekly payroll. (Round your answers to 2 decimal places.) Journal entry worksheet Record the company's payroll for the week to be paid at a later date. Note: Enter debits before credits. Journal entry worksheet Record the entry to summarize the checks to pay the weekly payroll. Note: Enter debits before credits
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