What accounts are affected when payroll checks are written? a. Cash is debited for gross earnings. b.
Question:
What accounts are affected when payroll checks are written?
a. Cash is debited for gross earnings.
b. Cash is credited for net earnings.
c. Federal Income Tax is debited.
d. Accounts Payable is credited.
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a Cash is debited for gross earnings c Federal Income Tax is debite...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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