The journal entry to record payroll transactions for the accounting period is to debit Wages and Salaries Expense for the gross pay and credit the appropriate liability and cash accounts.

Name: The journal entry to record payroll transactions for the accounting period is to debit Wages and Salaries Expense for the gross pay and credit the appropriate liability and cash accounts.
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This is the standard journal entry used to record payroll transactions in accounting.

The Journal Entry to Record Payroll Transactions for the Accounting