Wednesday, June 9, 2010

Exercise 11-7 (E11-7) Using the data in situation a of Exercise 11-6, prepare the employer’s September 30 journal entries to record

ACC 226

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 226 Solution
Help in ACC 226

Exercise 11-7 (E11-7) Using the data in situation a of Exercise 11-6, prepare the employer’s September 30 journal entries to record (1) salary expense and its related payroll liabilities for this employee and (2) the employer’s payroll taxes expense and its related liabilities. The employee’s federal income taxes withheld by the employer are $135 for this pay period.

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