Acme Company has a January 15 mid-month gross salaries expense of $25,000. All is subject to FICA
Question:
Required:
a. Prepare the general journal entry to record the employer's payroll liability.
b. Prepare the general journal entry to record the employer's payroll-tax liability.
c. Prepare the general journal entry to liquidate the liabilities accrued in parts (a) and (b) on January 22.
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