At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firm’s accountant neglected to accrue payroll taxes of $6,370 that were applicable to payrolls for the year then ended. Exercise 7-7 (Algo) Part a - Journal Entry a-2. Record the journal entry to show the effect of the accrual that should have been made as of March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firm’s accountant neglected to accrue payroll taxes of $6,370 that were applicable to payrolls for the year then ended. Exercise 7-7 (Algo) Part a - Journal Entry a-2. Record the journal entry to show the effect of the accrual that should have been made as of March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Chapter1: Financial Statements And Business Decisions
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At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firm’s accountant neglected to accrue payroll taxes of $6,370 that were applicable to payrolls for the year then ended.
Exercise 7-7 (Algo) Part a - Journal Entry
a-2. Record the journal entry to show the effect of the accrual that should have been made as of March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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