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The totals from the first payroll of the year are shown below. Total FICA Earnings OASDI $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 FICA HI Type: Amount: Type: Amount: FIT W/H State Tax Union Dues Net Pay $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. If an amount box does not require an entry, leave it blank or enter "0".

The totals from the first payroll of the year are shown below. Total FICA Earnings OASDI $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 FICA HI Type: Amount: Type: Amount: FIT W/H State Tax Union Dues Net Pay $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. If an amount box does not require an entry, leave it blank or enter "0".

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The totals from the first payroll of the year are shown below. FICA OASDI Total Earnings $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 FICA HI Type: Amount: Type: Amount: FIT W/H State Tax Union Dues Net Pay $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. If an amount box does not require an entry, leave it blank or enter "0".
Transcribed Image Text:The totals from the first payroll of the year are shown below. FICA OASDI Total Earnings $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 FICA HI Type: Amount: Type: Amount: FIT W/H State Tax Union Dues Net Pay $26,049.22 Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475. If an amount box does not require an entry, leave it blank or enter "0".
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