Question: I-2 Preparing payroll journal entries LO2 Trax Ltd. has six employees, each of whorn earns $3,000 per month. Income taxcs are 20% of gross pay
I-2 Preparing payroll journal entries LO2 Trax Ltd. has six employees, each of whorn earns $3,000 per month. Income taxcs are 20% of gross pay and the company deducts EI and CPP. Prepare the March 31 journal entry to record payroll for the month. I-2 Preparing payroll journal entries LO2 Trax Ltd. has six employees, each of whorn earns $3,000 per month. Income taxcs 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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