Question: Select the following Journal Entry that represents the Journal Entry needed for - Recording of Gross Pay and Liabilities from Withholdings Group of answer choices
Select the following Journal Entry that represents the Journal Entry needed for - Recording of Gross Pay and Liabilities from Withholdings
Group of answer choices
Debit Cash, Credit Net Payroll Payable
Debit Wage Expense, Credit FICA Payable, Federal Withholding Payable, State Withholding Payable, Net Payroll Payable
Debit Gross Pay, Credit Cash, Owners Equity
Debit FICA Payable, Federal Withholding Payable, State Withholding Payable, net Payroll Payable and Credit Wage Expense
None of the above
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