From the following accounts, record the payment of (a) the July 3 payment for FICA (Social Security

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From the following accounts, record the payment of

(a) the July 3 payment for FICA (Social Security and Medicare) and federal income taxes,

(b) the July 30 payment of state unemployment tax, and

(c) the July 30 deposit of FUTA tax that may be required. Please prepare general journal entries from the following T accounts: LO.1

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College Accounting A Practical Approach Chapters 1-26

ISBN: 9780130911421

8th Edition

Authors: Jeffrey Slater

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Question Posted: Jul 01, 2024 03:02 AM

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From the following accounts, record the payment of (a) the July 3 payment for FICA (Social Security

Question:

FICA-Social Security Payable 203 FICA Medicare Payable 204 June 30 400 (EE) June 30 100 (EE) 400 (ER) 100 (ER) FIT Payable 205 FUTA Tax Payable 206 June 30 119 June 30 3,005 SUTA Tax Payable 207 June 30 411

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College Accounting A Practical Approach Chapters 1-26

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