Question # 19

When recording payroll, what is the journal entry for employee tax withholdings?

Options:

A.

Debit Payroll Expense; Credit Cash

B.

Debit Cash; Credit Payroll Expense

C.

Debit Payroll Expense; Credit Tax Liabilities

D.

Debit Tax Liabilities; Credit Payroll Expense

Viewing question 19 out of 68 questions
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