Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of

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Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31, 2018, journal entry to record Games Co.’s salaries expenses for the month.

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 12, 2019 11:00 AM

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Games Co. has eight employees, each of whom earns $3,500 per month. Income taxes are 20% of

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Mar 31 Wages Expense 3500 x 8 2800000 CPP Payable 3500 291...View the full answer

Fundamental Accounting Principles Volume I

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