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Business, 19.11.2019 01:31 lexiejax21

Lightning electronics is a midsize manufacturer of lithium batteries. the company’s payroll records for the november 1–14 pay period show that employees earned wages totaling $56,000 but that employee income taxes totaling $8,200 and fica taxes totaling $2,925 were withheld from this amount. the net pay was directly deposited into the employees’ bank accounts. assume lightning electronics also must pay $310 of unemployment taxes for this pay period. prepare the journal entry or entries that lightning would use to record the payroll. include both employee and employer taxes.

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