5.

b.1

Assuming that Cayman Coating Co.'s payroll for the last week of the year is to be paid on January 3, 2013, use the horizontal model to record the effects of the December 27, 2012, entries for Accrued payroll taxes.(Enter decreases to account balances with a minus sign.) Balance Sheet Income Statement Assets=Liabilities+Stockholders Equity Net Income=Revenue-Expenses _________=___________+_____________ _____________=______________-____________________