On December 29, 2017, Santucci Company has a balance of $619.24 in the FUTA taxes payable account. This repre- sents the employer€™s liability for the fourth quarter taxes. Journalize the entry Santucci Company should make in January 2018 to record the last transfer (payment) of FUTA taxes for 2017.

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JOURNAL DATE POST. CREDIT DEBIT DESCRIPTION REF. 3 4