CPP-Remote Exam Dumps : Certified Payroll Professional

Underpaid debts are "forgiven"

Asset and liability accounts reflect prior year ending balance

All liability accounts are reset to zero balances

Asset account balances are reclassified

Debit salary expense $1484.78, credit taxes payable $484.78, credit cash $1,000

Debit salary expense $326.50, debit wages payable $1,000, credit cash $1,000, credit cash $1,000, credit taxes payable $326.50

Debit salary expense $484.78, debit wages payable $1,000, credit cash $1,000, credit taxes payable $484.78

Debit wages payable $1,326.50, debit taxes payable $326.50, credit cash $1, 00

$110,000 on Thursday and $55,000 on Friday

$165,000 on Thursday

$55,000 on Thursday and $110,000 on Friday

$55,000 on Friday and $110,000 on the next Wednesday