We are discussing payroll this week. What are the accounts impacted by the payroll process?
We are discussing payroll this week. What are the accounts impacted by the payroll process?
Homework Answers
Following are the accounts impacted by payroll process.
- Wages Expense
- FICA Tax Payable
- Federal Tax Withholdings Payable
- State Tax Withholdings Payable
- 401(k) Payable
- Net Payroll Payable
- cash
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We are discussing payroll this week. What are the accounts
impacted by the payroll process?
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