1. Which of these does NOT represent a decrease in net cash received on an...
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1. Which of these does NOT represent a decrease in net cash received on an employee's paycheck? a. gross wages b. Medicare taxes c. social security taxes d. federal withholding taxes 2. Year-to-date summaries on a paycheck stub are similar to the way a. expenses and revenues are transferred to an income summary. b. adjusting entries are recorded in the journal. c. income statement accounts accumulate revenues and expenses over a period. d. none of these.
1. Which of these does NOT represent a decrease in net cash received on an employee's paycheck? a. gross wages b. Medicare taxes c. social security taxes d. federal withholding taxes 2. Year-to-date simmaries on a paycheck stub are similar to the way a. expenses and revenues are transferred to an income summary. b. adjusting entries are recorded in the journal. c. income statement accounts accumulate revenues and expenses over a period. d. none of these. 3. When are the balancess of temporary accounts set to zero? a. at the end of each week b. at the end of each pay period c. at the end of the year d. at the end of the employee's employment with the compariy
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