On December 29, 2017, Reuter Company has a balance of $98.75 in the FUTA taxes payable account. This represents the employer€™s liability for the fourth quarter taxes. Journalize the entry Reuter Company should make in January 2018 to record the last transfer (payment) of FUTA taxes for 2017.

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JOURNAL POST. CREDIT DATE DESCRIPTION DEBIT REF. 3 4