Journal entry to record wage expense, Accounting Basics

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Journal entry to record wage expense

XYZ Co had the following payroll transactions for the first pay period in 2012.

Wages $13000

Federal income tax withheld 880

Social security tax is 6.2% and medicare tax is 1.45%. State unemployment tax is 6.2%.

Prepare the journal entry to record the wage expense.

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Accounting Basics: Journal entry to record wage expense

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Accounting Basics: Journal entry to record wage expense

Reference No:- TGS0518502

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Journal entry to record wage expense

Reference No:- TGS0518502

Recent Questions Asked Accounting Basics

Q : Describe the broad pattern of international trade

Q : Describe the impact of sir robert peel on american policing

Q : Advantages of using mitochondrial dna

Q : What is the purpose of the discussion board

Q : Journal entry to record wage expense

Q : What occur in market in terms of supply and demand curve

Q : Determining the accumulated depreciation

Q : Explain if free trade can ever be fair

Q : Discuss how mutations to dna can occur

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