The entry to recognize the payroll includes a: a. Debit to Salaries & Wages, Regular - P 5,000,000 b. Credit to Cash in Bank -LCCA - P 5,000.000 c. Credit to Cash – MDS, Regular - P 10,000,000 d. Credit to Due to Officers and Employees - P 5,000,000
The entry to recognize the payroll includes a: a. Debit to Salaries & Wages, Regular - P 5,000,000 b. Credit to Cash in Bank -LCCA - P 5,000.000 c. Credit to Cash – MDS, Regular - P 10,000,000 d. Credit to Due to Officers and Employees - P 5,000,000
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 12PA
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The entry to recognize the payroll includes a:
a. Debit to Salaries & Wages, Regular - P 5,000,000
b. Credit to Cash in Bank -LCCA - P 5,000.000
c. Credit to Cash – MDS, Regular - P 10,000,000
d. Credit to Due to Officers and Employees - P 5,000,000
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