Amador Company uses a special payroll account to pay employees. The gross amount of the payroll this
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Amador Company uses a special payroll account to pay employees. The gross amount of the payroll this week is $5,900; the net amount is $5,000. Journalize the transfer of funds to the payroll account and the distribution of paychecks to the employees.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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