| payroll accounting
Company must accrue salaries of $240 for the last three days of June.
Employee income taxes are withheld at a rate of 15% and FICA taxes are withheld at a rate of 10%. The policy regarding the employer's matching 10% FICA liability is to accrue the amount for the full month's payroll at the end of the month.
This is the problem. How should I record this as journal?
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