The entry to record payroll would include an increase

The entry to record payroll would include an increase -...

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The entry to record payroll would include an increase (debit) to direct labor instead of wages  expense and an increase (credit) to the withholding liability account and wages payable. To record  $1,000 wages for T. Kaschalk, the entry would be: 
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Unformatted text preview: General Journal Date Account and Title Description Ref. Debit Credit 20X0 May 31 Direct Labor 1,000 Federal Income Taxes Payable 150.00 FICA Taxes Payable 76.50 Credit Union Payable 50.00 Wages Payable 723.50 Record TK wages...
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