During a two week pay period Gabbie Company's employees earned gross wages and salaries of $67,500. The employees have income tax withholdings of $7,800 and the company owes a total of $10,400 in GST taxes, including the company and employee portions. Required: Prepare the journal entries that your company will use to record the payroll. Considering the employee and employer payroll taxes.

Answer rating: 100% (QA)

Answer Wages Expense 67500 Income Tax Ex... View the full answer