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What is the purpose of the following journal entry? DR Payroll CR FICA Taxes Payable CR Employee income Tax Payable CR Wages Payable To record

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What is the purpose of the following journal entry? DR Payroll CR FICA Taxes Payable CR Employee income Tax Payable CR Wages Payable To record payroll for the period. B To accrue payroll at the end of the period. To record payroll taxes for the period, To distribute payroll for the period

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