Issued check No. 417, payable to payroll, in payment of sales salaries for the first half of the month, $31,000. Cashed the check and paid the employees.
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Issued check No. 417, payable to payroll, in payment of sales salaries for the first half of the month, $31,000. Cashed the check and paid the employees.
You have two journal entries. One to record the transfer of cash to payroll and one for the payment of salaries.
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