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Recording Payroll Payments a. Where do you find the information for recording payroll
Chapter 17, Problem 3(choose chapter or problem)
Recording Payroll Payments
a. Where do you find the information for recording payroll transactions in the cash payments journal?
b. In recording payroll, what four liabilities are entered in the General Credit column of the cash payments journal?
Questions & Answers
QUESTION:
Recording Payroll Payments
a. Where do you find the information for recording payroll transactions in the cash payments journal?
b. In recording payroll, what four liabilities are entered in the General Credit column of the cash payments journal?
ANSWER:Step 1 of 3
Payroll payments are the payment of salaries to different employees. Payroll payment includes payment of basic salary, medical benefits, certain taxes and allowances.