Use the information in QS AI-2 to record the payment of the wages to the employees for
Question:
Use the information in QS AI-2 to record the payment of the wages to the employees for March.
Information QS AI-2
Trax Ltd. has six employees, each of whom earns $3,000 per month. Income taxes are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31 journal entry to record payroll for the month.
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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