boston has an annual payroll of $190,000. in addition the company incurs payroll tax expense of 4% of the annual payroll. at December 31, Boston owes salaries od $8,600 and FICA and other payroll tax of $920. the comaony will pay these amounts next year

Start with the income statement. Income Statement Account Amount Show what Boston will report on the year-end balance sheet. Balance Sheet Account Amount