Harvey Co. has current period employee salary expenses of $800. Employee withholdings total $300. The
entry to accrue current period payroll will include a credit to Salaries _ in the amount of _.

Harvey Co. has current period employee salary expenses of $800. Employee withholdings total $300. The entry to accrue current period payroll will include a credit to Salaries payable in the amount of 500 dollars.

What is meant by the current period payroll

In order to calculate earned wages and schedule when employees receive their paychecks, a pay period is used. Pay periods are set in stone and typically repeat weekly, biweekly, semimonthly, or monthly.

The fiscal year of the Relevant Company that overlaps with or concludes during the Company's fiscal year is referred to as the Current Period. An employee's time is tracked and compensated for over a repeating period of time called a pay period.

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Harvey Co. has current period employee salary expenses of $800. Employee withholdings total $300. The entry to accrue current period payroll will include a credit to Salaries ___ in the amount of ___.

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What is meant by the current period payroll

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Harvey Co. has current period employee salary expenses of $800. Employee withholdings total $300. The
entry to accrue current period payroll will include a credit to Salaries _ in the amount of _.